The government on Tuesday said that financial creditors have realised Rs 2.45 lakh crore or 36 per cent of their total claims under the insolvency resolution process till the end of June.
As many as 4,540 companies were admitted under the corporate insolvency resolution process as of June 30 this year.
The process is initiated under the Insolvency and Bankruptcy Code (IBC).
“394 companies were resolved till 30th June, 2021 wherein Financial Creditors (FCs) including financial institutions, had total claims amounting to Rs 6.80 lakh crore, out of which Rs 2.45 lakh crore have been realised, which is 36 per cent of their claims,” Minister of State for Corporate Affairs Rao Inderjit Singh told the Rajya Sabha in a written reply.
Th…
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