19/02/2018 2,750 cases under IBC dissolved: Govt.

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GOVERNMENT

December 20, 2017

2,750 CASES UNDER IBC DISSOLVED: GOVT.

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19/02/2018 2,750 cases under IBC dissolved: Govt. | Legal Era

On December 1, 2017, after noti cation of relevant provisions of the Insolvency and Bankruptcy
Code 2016, 2,434 fresh cases have been led before NCLT and 2,304 cases of winding up of
companies have been transferred from various High Courts. Of these, a total number of 2,750
cases have been disposed of and 1,988 cases were pending as on November 30, 2017.

As on November 30, 2017, as per information received from Public Sector Banks (PSBs), an
amount of Rs 39.63 crore had been realized after ling of cases with NCLT, and an amount of Rs
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 Affairs in
written reply to a question in Rajya Sabha.

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