On February 2nd, 2026, Shri Sachithanantham R. asked the Minister of Corporate Affairs about the number of corporate entities that have defaulted on loans above Rs. 100 crore in the last five years, the total amount involved in such defaults, and the action taken against promoters and directors of such defaulting companies. The Minister of State in the Ministry of Corporate Affairs and Minister of State in the Ministry of Road Transport and Highways, Shri Harsh Malhotra, responded that no such data is maintained centrally under the provisions of the Companies Act, 2013 and Insolvency and Bankruptcy Code, 2016. Therefore, the question regarding action taken does not arise. This was Unstarred Question No. 397 in the Lok Sabha.
Key Entities Referenced
Ministry of Corporate Affairs: Primary government body addressed by the question regarding corporate defaulters.
Companies Act, 2013: Cited as a reason why data is not centrally maintained.
Insolvency and Bankruptcy Code, 2016: Cited as a reason why data is not centrally maintained.
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
LOK SABHA
UNSTARRED QUESTION NO. 397
ANSWERED ON MONDAY THE 2nd FEBRUARY, 2026/ MAGHA 13, 1947 (SAKA)
CORPORATE DEFAULTERS
QUESTION
397. Shri Sachithanantham R:
Will the Minister of CORPORATE AFFAIRS be pleased to state:
(a) the number of corporate entities that have defaulted on loans above Rs. 100
crore during the last five years;
(b) the total amount involved in such defaults; and
(c) the action taken against promoters and directors of such defaulting
companies?
ANSWER
MINISTER OF STATE IN THE MINISTRY OF CORPORATE AFFAIRS AND MINISTER
OF STATE IN THE MINISTRY OF ROAD TRANSPORT AND HIGHWAYS
[SHRI HARSH MALHOTRA]
(a) & (b): No such data is maintained centrally under the provisions of the
Companies Act, 2013 and Insolvency and Bankruptcy Code, 2016.
(c): Does not arise in view of the reply to (a) & (b) above.
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