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

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..... IBBI admits 1,060 cases into corporate insolvency resolution process in around 2 years
News and Press Release
Dated:- 23-3-2022

As per the information provided by Insolvency and Bankrupt .....

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..... cy 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 In .....

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..... solvency 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 .....

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..... Minister 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 Liquida .....

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..... tio 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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News - Press release - PIB .....

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