TMI BlogMore than 4,000 cases admitted for corporate insolvency resolution process since FY 2016X X X X Extracts X X X X X X X X Extracts X X X X ..... More than 4,000 cases admitted for corporate insolvency resolution process since FY 2016 - News and Press Release Dated:- 22-3-2022 - News - 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 I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ndia [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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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