IBBI admits 1,060 cases into corporate insolvency resolution process in around 2 years

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....BBI admits 1,060 cases into corporate insolvency resolution process in around 2 years <br>News and Press Release<br>Dated:- 23-3-2022<br><BR>As per the information provided by Insolvency and Bankruptc....

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....y Board of India, in the years 2020-21 and 2021-22 (upto 31st December, 2021), 538 and 522 cases, respectively, have been admitted into the corporate insolvency resolution process (CIRP) under the Ins....

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....olvency and Bankruptcy Code, 2016. 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. Giving more details, the M....

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....inister gave details of action taken in the said cases as follows:- Year Cases Admitted Outcome of cases as on 31st December 2021 Appeal/ Review /Settled Withdraw n u/s 12A Resolution Liquidat....

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....io n Ongoing 2020-21 538 49 93 9 63 324 2021-22 522 13 47 0 4 458 Further details are available in public domain on www.ibbi.gov.in, which are periodically updated, the Minister added.....

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....<BR> News - Press release - PIB....