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Bankruptcy law registers around 19,000 cases until 30 June 2019
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New Delhi, Dec. 3 -- A little over three years after the passage of the Insolvency and Bankruptcy Code (IBC), 18,782 cases were filed under the law until June this year, minister of state for finance Anurag Thakur said.
Of the total cases filed under the law until June, 2,173 cases were admitted to the bankruptcy court National Company Law Tribunal (NCLT), Thakur said in a written reply in the Rajya Sabha on Tuesday.
"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have been approved for commencement of liquidation process, 279 cases have been closed by appeal/review/settlement/withdrawn under section 12A of IBC," the minister said today...
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