TaxTMI 
TaxTMI 
TaxTMI 
Financial creditors realise 221% of liquidation value and 51% of admitted claims through corporate insolvency resolution process
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....inancial creditors realise 221% of liquidation value and 51% of admitted claims through corporate insolvency resolution process <br>News and Press Release<br>Dated:- 15-3-2022<br><BR>As per inputs rec....
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....eived from the Ministry of Corporate Affairs (MCA), corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC), was initiated by banks in the 12 large accounts....
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.... that were referred by the Reserved Bank of India. This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in written reply to a question in Rajya Sabha today. Financial cred....
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....itors had an aggregate outstanding claims of ₹ 3.45 lakh crore against these corporate debtors. Out of these 12 corporate debtors, resolution plans have been approved in respect of eight corpora....
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....te debtors, CIRP is ongoing in respect of two corporate debtors, and two corporate debtors are undergoing liquidation process. With regard to resolution and settlement in these accounts, the eight co....
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....rporate debtors, which were resolved through the market driven CIRP, owed a total of ₹ 2.26 lakh crore to financial creditors while their liquidation value was ₹ 0.52 lakh crore. Further, ....
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....realisable value for financial creditors through the approved resolution plans was ₹ 1.16 lakh crore, which is 221% of the liquidation value and 51 % of the admitted claims.<BR> News - Press rel....
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....ease - PIB....