The Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh said in the Rajya Sabha that, More than 4,000 cases were admitted for corporate insolvency resolution process since Financial Year 2016.
He also said that, 359 cases were resolved with realizable value of more than Rs 2 lakh crore for creditors.
As per the information provided by the Insolvency and Bankruptcy Board of India [IBBI, the Regulator under Insolvency and Bankruptcy Code, 2016 (IBC)], the following is the year-wise details of the number of cases admitted for corporate insolvency resolution process under the Code:
| Year | No. of corporate insolvency resolution process admitted |
| 2016-17 | 37 |
| 2017-18 | 706 |
| 2018-19 | 1157 |
| 2019-20 | 1986 |
| 2020-21 | 538 |
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 today.
Giving more details, the Minister gave Year-wise details of the number of cases resolved along with the total amount of admitted claims and realisable value for creditors in such cases as following:
| Year | No. of cases resolved | Total admitted claims (Rs. in crore) | Realisable value (Rs. in crore) |
| 2016-17 | 0 | NA | NA |
| 2017-18 | 20 | 9,115.51 | 4,754.63 |
| 2018-19 | 79 | 2,07,082.26 | 1,11,535.33 |
| 2019-20 | 138 | 1,95,544.06 | 66,240.87 |
| 2020-21 | 122 | 1,63,449.21 | 27,783.39 |
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