Skip to content
Insolvency Guardian
Insolvency Services & Bankruptcy Advice
Insolvency GuardianInsolvency Guardian
  • Insolvency
  • Zero Contact Solutions
  • Resources
  • News
  • About Us
  • Contact
1300 60 70 60
  • Insolvency
  • Zero Contact Solutions
  • Resources
  • News
  • About Us
  • Contact

280 companies declared bankrupt amid pandemic – The Tribune India

New Delhi, March 23

National Company Law Tribunals (NCLT) across the country admitted a total of 283 companies into insolvency amid the pandemic after the announcement of the nationwide lockdown last year.

In a written reply to the Lok Sabha, the Minister of State for Corporate Affairs, Anurag Thakur, also said that during the period of April 1, 2020 and December 31, 2020, a total of 76 corporate insolvency resolution processes (CIRP) ended in resolution, 128 CIRPs were closed due to withdrawal or appeal or settlement and 189 companies went into liquidation.

Further, the government temporarily suspended the initiation of CIRP under Section 7, 9 and 10 of the Code for a period of six months or such further period not exceeding one year…

Read the full article at: https://www.tribuneindia.com/news/business/280-companies-declared-bankrupt-amid-pandemic-229334

Category: LiquidationBy Insolvency GuardianMarch 23, 2021

Post navigation

PreviousPrevious post:Grocon: Administrators advise against liquidation, group insolvent since Feb 2019 – The AustralianNextNext post:How Much Do You Owe? How Credit Card Debt Changed In 2020 – Forbes

Related Posts

Aberdeen woman 'forced to go on Universal Credit' after £12k course when firm collapsed – Aberdeen Live
May 9, 2025
Luxury Australian bridal gown company worn by former Bachelor star enters voluntary administration
May 9, 2025
Vinyl Me, Please confirms liquidation
May 9, 2025
NCLAT rejects insolvency plea against PepsiCo over disputed interest
May 9, 2025
REACON BUSINESSES TO BE LIQUIDATED
May 9, 2025
TBB Bank initiates voluntary liquidation process | News
May 9, 2025

280 companies declared bankrupt amid pandemic – The Tribune India

New Delhi, March 23

National Company Law Tribunals (NCLT) across the country admitted a total of 283 companies into insolvency amid the pandemic after the announcement of the nationwide lockdown last year.

In a written reply to the Lok Sabha, the Minister of State for Corporate Affairs, Anurag Thakur, also said that during the period of April 1, 2020 and December 31, 2020, a total of 76 corporate insolvency resolution processes (CIRP) ended in resolution, 128 CIRPs were closed due to withdrawal or appeal or settlement and 189 companies went into liquidation.

Further, the government temporarily suspended the initiation of CIRP under Section 7, 9 and 10 of the Code for a period of six months or such further period not exceeding one year…

Read the full article at: https://www.tribuneindia.com/news/nation/280-companies-declared-bankrupt-amid-pandemic-229334

Category: BankruptcyBy Insolvency GuardianMarch 23, 2021

Post navigation

PreviousPrevious post:CapitaLand shares jump 20% on restructuring plans; analysts say proposal ‘highly value-unlocking’ – CNANextNext post:Mining Weekly New Hope faces legal claims as it swings to a loss – Creamer Media’s Mining Weekly

Related Posts

Retirement home in Ganshoren declared bankrupt – The Brussels Times
May 9, 2025
Restart for interior design retailer CASA looking unlikely; Currently no negotiations
May 9, 2025
10Club Files for Insolvency with NCLT Amid Financial Struggles
May 9, 2025
Fireside-Backed 10Club Files for Insolvency Amid Roll-Up Model Challenges
May 9, 2025
Bankruptcy | Definition, History, Examples, & Facts
May 9, 2025
Europe’s great battery hope Northvolt files for bankruptcy in Sweden – POLITICO
May 9, 2025
Insolvency Guardian
© Insolvency Advisory Accountants Pty Ltd trading as Insolvency Guardian Australia.

Disclaimer

Go to Top
Call Now Button