(a) whether it is a fact that the number of businesses that were ordered to be liquidated was three to four times the companies that could find a fresh lease of life since January 2017 under the Insolvency and Bankruptcy Code (IBC);
(b) if so, the details thereof; and
(c) the details of the haircut that the lenders had to take on settling the cases so far?
MINISTER OF STATE FOR FINANCE
AND CORPORATE AFFAIRS (SHRI ANURAG SINGH THAKUR)
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(a)&(b): As per information provided by Insolvency and Bankruptcy Board of India (IBBI), the Regulator, as on 31.12.2020, in 317 cases resolution plans have been approved and 1126 cases have been ordered for liquidation.
(c): As per information provided by IBBI, as on 31.12.2020, realisable value for creditors from the approved resolution plans of 317 cases is Rs. 2.01 lakh crore, which is 39.37% of total admitted claims (Rs. 5.11 lakh crore).
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