More than 4,000 cases admitted for corporate insolvency resolution process since FY 2016

359 cases resolved with realisable value of more than ₹ 2 lakh crore for creditors

As per the information provided by Insolvency and Bankruptcy Board of India [IBBI, the Regulator under Insolvency and Bankruptcy Code, 2016 (IBC)], the following is the year wise details of number of cases admitted for corporate insolvency resolution process under the Code:

Year	No. of corporate insolvency resolution process admitted
2016-17	37
2017-18	706
2018-19	1157
2019-20	1986
2020-21	538

This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in Rajya Sabha today.

Giving more details, the Minister gave Year-wise details of the number of cases resolved along with total amount of admitted  claims and realisable value for creditors in such cases as following:

Year	No. of cases resolved	Total admitted claims (Rs. in crore)	Realisable value (Rs. in crore)
2016-17	0	NA	NA
2017-18	20	9,115.51	4,754.63
2018-19	79	2,07,082.26	1,11,535.33
2019-20	138	1,95,544.06	66,240.87
2020-21	122	1,63,449.21	27,783.39

 

Corporate insolvency resolution process shows sustained admissions and multiple resolutions delivering realisable value for creditors. Corporate insolvency resolution under the Insolvency and Bankruptcy Code, 2016 recorded more than 4,000 admitted cases since FY 2016, with annual admissions rising through 2019-20 and moderating in 2020-21. Separate data show 359 resolved cases producing substantial realisable value for creditors; the release provides year wise counts of resolved cases with total admitted claims and corresponding realisable value for each reported year.