At Rs 2.5 trillion, IBC recoveries one-third of admitted claims

Until December 31 last year, 457 companies were resolved under IBC: Govt tells Parliament.

Since its inception six years ago, resolution plans under the Insolvency and Bankruptcy Code (IBC) have yielded a realisable value of Rs 2.5 trillion against total admitted claims of Rs 7.54 trillion, as on December 31, 2021, resulting in a recovery of 33.16 per cent for the financial creditors (FCs).

Rao Inderjit Singh, Minister of State in the Ministry of Corporate Affairs (MCA), in a written response in Parliament on Monday said, as of December 31, 2021, 457 companies have been resolved under the code so far. “The resolution plans for 444 companies, for which data is available, have yielded a