IBC in the slow lane: CIRP cases decline almost 12%, shows IBBI data

Illustration: Binay Sinha
The Insolvency and Bankruptcy Code (IBC) suspension that brought new corporate insolvency cases to a halt is being reflected in the continuing drop in the number of ongoing corporate resolution cases in the October-December period.

 

The data released by the Insolvency and Bankruptcy Board of India (IBBI) shows that as of December 2020, there were 1,717 ongoing CIRPs, a drop of almost 12 per cent compared to September 2020.



Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel