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 - News - As per the information provided by Insolvency and Bankruptcy Board of India, in the years 2020-21 and 2021-22 (upto 31 st December, 2021), 538 and 522 cases, respectively, have been admitted into the corporate insolvency resolution process (CIRP) under the I .....

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..... nsolvency 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 Minister gave details of action taken in the said cases as follows:- Year Cases Admitted Outcome of cases as on 31 st December 2021 .....

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..... Appeal/ Review /Settled Withdraw n u/s 12A Resolution Liquidatio n Ongoing 2020-21 538 49 93 9 63 324 2021-22 522 13 47 .....

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..... 0 4 458 Further details are available in public domain on www.ibbi.gov.in , which are periodically updated, the Minister added. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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