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18,782 cases filed under Insolvency & Bankruptcy Code

Capital Market 

Of this 2173 cases have been admitted under IBC

Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha informed that a total of 18,782 cases have been filed under Insolvency and Bankruptcy Code (IBC), 2016 as on 30 June 2019

Of this 2173 cases have been admitted under IBC. Out of 2,173 admitted cases, 1,274 cases were ongoing under different stages of resolution process, 129 cases have resulted in resolution, 491 cases have been approved for commencement of liquidation process, 279 cases have been closed by appeal/review/settlement/withdrawn u/s 12A of IBC. The action is taken as per the provisions of the IBC in all the cases admitted under the IBC.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 03 2019. 16:58 IST