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GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
LOK SABHA
UNSTARRED QUESTION NO. 2446
ANSWERED ON MONDAY, AUGUST 03, 2026/SHRAVANA 12, 1948 (SAKA)
INSOLVENCY CASES UNDER IBC
QUESTION
2446. SHRI K C VENUGOPAL:
Will the Minister of CORPORATE AFFAIRS
be pleased to state:
(a) the total number of insolvency cases initiated under the Insolvency and Bankruptcy
Code (IBC) during the last five years, year-wise;
(b) the number of cases resolved through resolution and those that ended in liquidation,
year-wise;
(c) the average time taken to resolve insolvency cases and whether there has been a
reduction in this timeline since implementation, if so, the details thereof;
(d) the total amount recovered through the resolution process till date; and
(e) the key challenges faced in the effective implementation of the IBC and the measures
taken to address them?
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) to (c): A total of 4557 insolvency cases were admitted under the Insolvency and
Bankruptcy Code (IBC) during the last five years.
During the last five years a total of 1077 cases have yielded resolution plans and 1722
cases have been closed with order of liquidation.
The 1419 CIRPs, which have yielded resolution plans by the end of March, 2026 took on
average 621 days [after excluding the time excluded by the Adjudicating Authority (AA)]
for conclusion of process. Time taken to resolve each case depends on circumstances
and complexity of each case, nature of evidence, number of Interlocutory Applications
(IAs), stay by the higher courts, cooperation of stake holders and adjournments etc.
Year-wise details are at Annexure.
(d): Till March 2026, the creditors have realised Rs. 4.32 lakh crore under the resolution
plans, which amounts to 30.56% of their admitted claims, 166.85% of the liquidation value
and 94.56% of the fair value.
(e): The Government has undertaken seven legislative amendments to the Insolvency
and Bankruptcy Code, 2016 (IBC) and Insolvency and Bankruptcy Board of India (IBBI) has
introduced over 100 changes to the regulations since its inception, to strengthen the
insolvency resolution framework and enhance procedural efficiency.
****ANNEXURE
Information in respect of the total number of insolvency cases initiated under the
Insolvency and Bankruptcy Code (IBC) during the last five years, year-wise is given
below:
Sl. No Period Number of Admissions*
1. 2021-22 892
2. 2022-23 1262
3. 2023-24 1004
4. 2024-25 734
5. 2025-26 665
TOTAL 4557
Information in respect of the number of cases resolved through resolution and those
that ended in liquidation, year-wise is given below:
Sl. No Period No. of Resolutions* No. of Liquidations Ordered*
1. 2021-22 141 339
2. 2022-23 186 405
3. 2023-24 258 441
4. 2024-25 259 291
5. 2025-26 233 246
Total 1077 1722
Information in respect of the average time taken to resolve insolvency cases since
implementation, is given below:
Sl Period No. of Average Resolution Time (in days)
No. Resolutions* (After excluding the time excluded by AA)
1. FY 2017-2018 18 229
2. FY 2018-2019 74 325
3. FY 2019-2020 131 424
4. FY 2020-2021 119 471
5. FY 2021-2022 141 553
6. FY 2022-2023 186 658
7. FY 2023-2024 258 705
8. FY 2024-2025 259 718
9. FY 2025-2026 233 751
*As per data given by IBBI which is updated based on the information filed by resolution
professionals from time to time.
*****