India’s insolvency landscape witnessed mixed developments in FY2025, with a marginal decline in the number of approved resolution plans and a sharp drop in cases admitted under the Corporate Insolvency Resolution Process (CIRP). Per an analysis report by ICRA, the number of resolution plans (RP) approved by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC) showed a marginal dip to 259 cases from 263 cases approved in FY2024. At the same time, it added, the number of cases admitted in the corporate insolvency resolution process (CIRP) dipped sharply to 724 from 1,003, reporting a decline of nearly 28 per cent.
While Q4FY25 has seen peak realisations of approximately 70 per cent against admitted…
