Govt. disposes 2,750 cases under Insolvency and Bankruptcy Code

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..... Govt. disposes 2,750 cases under Insolvency and Bankruptcy Code
News and Press Release
Dated:- 19-12-2017

After notification of relevant provisions of the Insolvency and Bankruptcy Code .....

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..... 2016 on 01.12.2016, 2,434 fresh cases have been filed before NCLT and 2,304 cases of winding up of companies have been transferred from various High Courts. Out of these, a total number of 2,750 cases .....

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..... have been disposed of and 1,988 cases were pending as on 30.11.2017. As per information received from Public Sector Banks (PSBs), as on 30.11.2017, an amount of ₹ 39.63 crore had been realized .....

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..... after filing of cases with NCLT, and an amount of ₹ 2.89 crore had been borne by the banks as haircut. This was stated by Shri P.P. Chaudhary, Minister of State for Law & Justice / Corporate A .....

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..... ffairs in written reply to a question in Rajya Sabha today.
News - Press release - PIB .....

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