Over the past nine years, the Insolvency and Bankruptcy Code (IBC) has resulted in the recovery of Rs 3.96 lakh crore for the creditors through the resolution plans, reports Manu Kaushik. This realisation is roughly 33% of the total claims admitted. Through IBC, the creditors have also recouped Rs 9,607 crore from the closed liquidation cases. The legislative framework has resulted in the resolution of 1,258 cases through different resolution plans, which is about 15% of the total cases admitted under the IBC till June 2025. The Code has also led to the liquidation of 2824 cases, which is about 43% of the total closed cases.
Insolvency resolution factsheet
Total number of cases admitted under the IBC – 8492
Total CIRP cases closed – 6587
Withdrawal of CIRP by the applicants – 1191
Approval of resolution plan – 1258
Commencement of liquidation – 2824
Ongoing CIRPs – 1905