More than 8,800 Corporate Insolvency Resolution Processes (CIRPs) were admitted under the Insolvency and Bankruptcy Code (IBC) until December 2025, with creditors realising over Rs 4.11 lakh crore through approved resolution plans, Financial Services Secretary M Nagaraju said on Tuesday.
More than 4,000 corporate debtors have been rescued through resolution, settlements, withdrawals or appeal-related closures, he said at a workshop on the Insolvency and Bankruptcy (Amendment) Act, 2026, here.
The workshop was organised with the objective of deliberating upon the impact of the recent amendments to the Insolvency and Bankruptcy Code (IBC) on the banking sector and strengthening stakeholder understanding regarding implementation of the…