1,126 Companies to be Liquidated


Insolvency and Bankruptcy Board of India (IBBI), the Regulator, has informed that as on 31st December, 2020, in 317 cases resolution plans have been approved and 1126 cases have been ordered for liquidation.

Union Minister of State for Finance & Corporate Affairs, has clarified it.

Further, the Minister added that as per information provided by IBBI, as on 31st December, 2020, realisable value for creditors from the approved resolution plans of 317 cases is Rs. 2.01 lakh crore, which is 39.37 percent of total admitted claims (Rs. 5.11 lakh crore).

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