Creditors recover nearly half of total claims of Rs 1.42 trn, shows data

Affidavit by IBBI filed in NCLAT shows data of 88 successful CIRP

Of the total admitted claims of Rs 1.42 trillion in the 88 companies that have undergone successful Corporate Insolvency Resolution Process (CIRP), about Rs 68,766 crore has been realised by the claimants, including operational and financial creditors, an affidavit by the Insolvency and Bankruptcy Board of India (IBBI) shows.

The said affidavit by the IBBI had been filed at the National Company Law Appellate Tribunal (NCLAT). The numbers in the affidavit contain data until February 28. Business Standard has seen a copy of the affidavit.

During a hearing in the ongoing CIRP of Essar Steel India Limited, the appellate tribunal had on