This E-Newsletter includes the tables, charts, and underlying data from the Quarterly Newsletter of Insolvency and

Bankrupty Board
of India, January - March, 2023, Vol. 26. When using the data, please refer to the Insolvency and Banruptcy News, January - March,
2023, Vol. 26.
Disclaimer: This E-Newsletter is meant for the sole purpose of creating awareness and must not be used as a guide for taking or
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ency and Bankrupty Board
cy News, January - March,

d as a guide for taking or

or seek professional advice
 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA
INSOLVENCY AND BANKRUPTCY NEWS

Table No. Table of Contents

1 Corporate Insolvency Resolution Process
2 Sectoral Distribution of CIRPs as on March 31, 2023
3 Initiation of Corporate Insolvency Resolution Process
4 Outcome of CIRPs, initiated Stakeholder-wise, as on March 31, 2023
5 CIRPs Yielding Resolution Plans
6 CIRPs Yielded Resolutions: State of CD at the commencement of CIRP
7 Closure of CIRP by Withdrawal till March 31, 2023
8 Status of Liquidation Processes as on March 31, 2023
9 Details of Closed Liquidations
10 CIRPs Ending with Orders for Liquidation till March 31, 2023
11 Reasons for Liquidations
12 Claims in Liquidation Process
13 Status of ongoing CIRPs as on March 31, 2023
14 Twelve Large Accounts
15 Details of Avoidance Applications and Disposal
16 Commencement of Voluntary Liquidations till March 31, 2023
17 Status of Voluntary Liquidations as on March 31, 2023
18 Reasons for Voluntary Liquidations
19 Details of 1544 Voluntary Liquidations
20 Realisations under Voluntary Liquidation
21 Average time for approval of Resolution Plans/Orders for Liquidation
22 Corporate Liquidation Accounts as on March 31, 2023
23 Insolvency Resolution of Personal Guarantors
24 Status of filed applications for initiation of insolvency resolution process of personal guarantors
25 PIRPs Yielding Approval of Repayment Plan
26 Registered IPs and AFAs as on March 31, 2023
27 Registration and Cancellation of Registrations of IPs
28 Distribution of IPs as per their Eligibility as on March 31, 2023
29 Age Profile of IPs as on March 31, 2023
30 Replacement of IRP with RP as on March 31, 2023
31 IPEs as on March 31, 2023
32 Activities by IPAs
33 CPE hours earned by the IPs
34 Details of information with NeSL
35 Registered Valuers as on March 31, 2023
36 Registered Valuers (Entities) as on March 31, 2023
37 Registration of RVs till March 31, 2023
38 Region Wise Registered Valuers as on March 31, 2023
39 Age profile of RVs as on March 31, 2023
OARD OF INDIA
CY NEWS

Figure No.
1, 2
3, 4, 5, 6
7
23

CIRP 8
9, 10
11

12
13

14
15

16
17
18

ion

rocess of personal guarantors

19

20
21
Table 1: Corporate Insolvency Resolution Process

Year / Quarter CIRPs at the Admitted

beginning of the
Period

2016 - 17 0 37
2017 - 18 36 707
2018 - 19 539 1157
2019 - 20 1062 1988
2020 - 21 1815 537
2021 - 22 1630 890
Apr - Jun, 2022 1737 365
Jul - Sep, 2022 1864 260
Oct - Dec, 2022 1874 283
Jan - Mar, 2023 1975 347
Total NA 6571
Notes: These CIRPs are in respect of 6346 CDs.
This excludes 1 CD which has moved directly from BIFR to resolution.
Source: Compilation from website of the NCLT and filing by IPs.
 esolution Process
Go to Table of Contents
(Number)
Closure by CIRPs at the
Appeal/Review/ Withdrawal under Approval of Commencement of end of the
Settled Section 12A Resolution Plan Liquidation Period

1 0 0 0 36
94 0 19 91 539
155 97 77 305 1062
344 217 134 540 1815
89 162 121 350 1630
115 177 147 344 1737
39 64 39 96 1864
49 53 45 103 1874
33 35 34 80 1975
40 43 62 121 2056
959 848 678 2030 2056
Ds.
from BIFR to resolution.
T and filing by IPs.

47
Commencement of Liquidation
###
encement of Liquidation
Table 2: Sectoral Distribution of CIRPs as on March 31, 2023
Sector

Manufacturing
Food, Beverages & Tobacco Products
Chemicals & Chemical Products
Electrical Machinery & Apparatus

Fabricated Metal Products

Machinery & Equipment
Textiles, Leather & Apparel Products
Wood, Rubber, Plastic & Paper Products
Basic Metals
Others
Real Estate, Renting & Business Activities
Real Estate Activities
Computer and related activities
Research and Development
Other Business Activities
Construction
Wholesale & Retail Trade
Hotels & Restaurants
Electricity & Others
Transport, Storage & Communications
Others
Total
Note: The distribution is based on the CIN of CDs and as per National Industrial Classification (NIC 2004)

Sector
Manufacturing
Real Estate
Construction
Retail Trade
Hotels
Electricity
Transport
Others
Total
 Sector

Manufacturing
Real Estate
Construction
Retail Trade
Hotels
Electricity
Transport
Others
as on March 31, 2023
No. of CIRPs

Admitted Closed
Appeal/Review/ Withdrawal Approval of Commencement of Total
Settled under Section 12 Resolution Plan Liquidation
A

2552 334 335 340 852 1861

335 37 42 41 112 232
268 42 43 37 77 199
186 23 18 11 78 130
134 17 25 15 44 101
281 50 46 26 88 210
433 53 58 46 166 323
299 36 42 45 96 219
432 51 34 92 137 314
184 25 27 27 54 133
1385 260 207 85 365 917
373 81 46 18 49 194
189 25 34 9 69 137
8 2 2 1 0 5
815 152 125 57 247 581
745 132 108 73 143 456
650 81 61 47 265 454
141 24 22 17 35 98
196 25 12 35 66 138
178 20 21 14 74 129
724 83 82 67 230 462
6571 959 848 678 2030 4515
per National Industrial Classification (NIC 2004).

Admitted Appeal/Review/ Approval of Commencement of

Settled/Wtihdraw Resolution Plan Liquidation
2552 n 475 340 852
1385 320 59 365
745 166 73 143
650 105 27 265
141 37 17 35
196 22 23 66
178 33 14 74
724 118 67 230
6571 1276 620 2030
Admitted Appeal/Review/ Approval of Commencement of
Settled Resolution Plan Liquidation

40% 37% 55% 42%

20% 25% 10% 18%
11% 13% 12% 7%
10% 8% 4% 13%
2% 3% 3% 2%
3% 2% 4% 3%
3% 3% 2% 4%
11% 9% 11% 11%
 Go to Table of Contents

Ongoing

691
103
69
56
33
71
110
80
118
51
468 467
179
52
3
234
289 240
196 142
43 46
58 37
49 41
262 165
2056 1807
Table 3: Initiation of Corporate Insolvency Resolution Process
Year / Quarter No. of CIRPs Initiated by
FCs OCs CDs Total
2016 - 17 8 7 22 37
2017 - 18 286 310 111 707
2018 - 19 517 569 71 1157
2019 - 20 883 1053 51 1987
2020 - 21 197 318 22 537
2021 - 22 371 473 43 887
Apr - Jun, 2022 167 178 20 365
Jul - Sep, 2022 121 128 11 260
Oct - Dec, 2022 151 111 21 283
Jan - Mar, 2023 211 118 18 347
Total 2912 3265 390 6567
Note: This excludes four cases wherein applications filed by RBI were admitted u/s 227 of the Code.

No. of CIRPs Initiated by

Operational Financial Corporate Total
Creditors Creditors Debtors
2016 - 17 7 8 22 37
2017 - 18 310 285 111 706
2018 - 19 570 516 71 1157
2019 - 20 1052 882 51 1985
2020 - 21 318 198 22 538
Apr - Jun, 2021 71 60 10 141
Jul - Sep, 2021 86 94 6 186
Oct-Dec, 2021 113 68 11 192
Total 2527 2111 304 4942

No. of CIRPs Initiated by

Operational Financial Corporate Total
Creditors Creditors Debtors
2016 - 17 7 8 22 37
2017 - 18 317 293 133 743
2018 - 19 887 809 204 1900
2019 - 20 1939 1691 255 3885
2020 - 21 2257 1889 277 4423
As on June 21 2328 1949 287 4564
As on Sep 21 2414 2043 293 4750
As on Dec 21 2527 2111 304 4942
Go to Table of Contents
Table 4: Outcome of CIRPs initiated Stakeholder-wise, as on March 31, 2023

Outcome Description CIRPs initiated by

FCs OCs
Status of CIRPs Closure by Appeal/Review/Settled 264 688
Closure by Withdrawal u/s 12A 232 609
Closure by Approval of Resolution Plan 380 241
Closure by Commencement of Liquidation 927 896
Ongoing 1109 831
Total 2912 3265
CIRPs yielding Realisation by creditors as % of Liquidation Value 182.7 125.8
Resolution Plans Realisation by creditors as % of their Claims 34.2 17.6
Average time taken for Closure of CIRP 613 632
CIRPs yielding Liquidation Value as % of Claims 6.4 9.1
Liquidations
Average time taken for Closure of CIRP 476 450
Note: This excludes four cases wherein applications filed by RBI were admitted u/s 227 of the Code.
Description CD FC
Appeal/Review/Settled 7 264
Withdrawal u/s 12A 7 232
Approval of Resolution Plan 56 380
Commencement of Liquidation 207 927
Total 277 1803

Description CD FC
Appeal/Review/Settled 3% 14.64%
Withdrawal u/s 12A 3% 12.87%
Approval of Resolution Plan 20% 21.08%
Commencement of Liquidation 75% 51.41%
 Go to Table of Contents
CIRPs initiated by
CDs Total
7 959
7 848
56 677
207 2030
113 2053
390 6567
147.5 168.5
18.3 31.8
541 614
8.6 7.0
390 456

OC
688
609
241
896
2434

OC
28%
25%
10%
37%
 Table 5: CIRPs yieldi

Sl. No. Name of CD Defunct Date of

(Yes/No) Commencement
of CIRP

Part A: For Prior Period (

1 RG Buildestate Private Limited No 30-01-20
2 Bansal Multiflex Limited Yes 18-12-20
3 Srivari Alloys India Private Limited Yes 16-07-19
4 NAG (India) Private Limited Yes 06-01-20
5 Sindhura Paper Private Limited Yes 07-03-22
6 Superchem Coatings Private Limited No 07-12-21
7 AMW Motors Limited Yes 01-09-20
8 Orma Marble Palace Private Limited No 09-04-21
Part B: January
1 Radius Estates and Developers Private Limited No 30-04-21
2 Dagcon (India) Private Limited Yes 20-11-19
3 Amrit Agrovet Provate Limited Yes 12-03-20
4 Srithik Ispat Private Limited Yes 30-09-19
5 Perfect Industries Private Limited Yes 10-06-20
6 Harsha Exito Engineering Private Limited No 24-03-21
7 Kail Limited No 08-06-18
8 Digicable Network (India) Limited No 04-12-20
9 Pawan Doot Estate Private Limited No 10-05-19
10 Dolphin Marine Foods and Processors (India) Private Limited No 03-08-21
11 Anand Tex India Private Limited No 29-11-19
12 Krishna Oils & Proteins Private Limited Yes 13-03-20
13 Veekay Polycoats Limited No 01-03-19
14 Vasan Health Care Private Limited No 21-04-17
15 Aarti Infra-Projects Private Limited No 01-05-19
16 Sona Alloys Private Limited Yes 16-06-20
17 Shreebhav Polyknits Private Limited No 27-09-21
18 Shubhmangal Exim Private Limited Yes 20-09-21
19 Topworth Tollways (Ujjain) Private Limited No 09-10-20
20 Ammanarul Spinners Private Limited No 12-08-21
21 Byrnihat Coal Private Limited Yes 01-04-22
22 Care Stationers & Agencies Private Limited Yes 13-12-19
23 Maylari Agro Products Limited Yes 08-03-21
24 Andhra Cements Limited Yes 26-04-22
25 DSK Southern Projects Private Limited No 09-12-21
26 Stellar Investments Limited Yes 24-02-22
27 Hindustan Magnesium Products Private Limited No 19-04-22
28 Gangakhed Sugar & Energy Limited No 10-10-19
29 Crown Realtech Private Limited No 06-12-19
 30 SMS Paryavaran Limited No 03-01-20
31 Zenith Finesee (India) Private Limited No 20-11-19
32 Mcnally Sayaji Engineering Limited No 11-02-21
33 Mata Energy Limited Yes 04-03-22
34 Maini Construction Equipments Private Limited No 01-06-17
35 Boulevard Projects Private Limited Yes 08-02-19
36 Sri Mata Infratech Limited Yes 28-04-22
37 K & K Foundry Private Limited No 20-03-20
38 Karthik Alloys Limited No 17-12-19
39 Jaypee Infratech Limited No 09-08-17
40 Brys Hotels Private Limited Yes 18-03-19
41 JBF Petrochemicals Limited Yes 28-01-22
42 Sintex-BAPL Limited No 18-12-20
43 Hyper Techno Buildmart Private Limited Yes 23-12-21
44 OCL Iron and Steel Limited No 20-09-21
45 Shop CJ Network Private Limited Yes 19-01-22
46 Grand Vacations Private Limited NA 12-04-22
47 Infra Industries Limited NA 12-12-19
48 UCAL Auto Private Limited No 04-06-21
49 Lanco Mandakini Hydro Energy Private Limited No 11-06-20
50 G.R.Cables Limited No 08-03-22
51 LN Industries India Limited No 01-07-22
52 Trimurti Corns Agro Foods Private Limited No 20-11-18
53 Anudan Properties Private Limited Yes 15-03-21
54 Provogue Personal Care Private Limited Yes 26-09-19
55 Hindustan Photo Films Mfg Co Limited NA 07-01-22
56 Foodco Delicacies India Private Limited No 24-03-22
57 Karaikal Port Private Limited No 29-04-22
58 Airen Metals Pvt Ltd Yes 28-04-22
59 Vaishno Devi Food Products Private Limited Yes 27-10-20
60 Sathavahana Ispat Ltd No 28-07-21
61 Trimurti Foodtech Private Limited No 11-08-21
62 Ballarpur Industries Limited No 17-01-20
Total (January – March, 2023)
Total (Till March, 2023)
Notes:

1. In 678 resolved CDs, 137 applications in respect of avoidance transactions to the tune of ₹ 90,811 crore have been pending before AA.
2. CIRPs in 23 matters which yielded resolution plans and were reported earlier in this table have since moved into liquidation. The CIRPs have restarte
3. There are 6 CIRPs where the realisable value was less than the liquidation value of the CD. While realisable value is significantly influenced by the v
determined price discovery process and commercial wisdom of the CoC.
* Based on 586 cases where fair value has been estimated
NA: Not Available; NC: Not calculated
 Table 5: CIRPs yielding Resolution Plans
(Amount in
Date of Approval CIRP Amount (in ₹ crore) Realisable value as % of
of Resolution initiated by
Plan Total Admitted Liquidation Fair Value Total Realisable Admitted
Claims Value Value Claims
Part A: For Prior Period (Till December 31, 2022)
07-10-21 FC 4.95 2.49 3.11 2.42 48.92
31-05-22 OC 1.31 0.00 0.00 0.15 11.25
09-11-22 OC 17.64 3.16 3.56 3.33 18.88
09-11-22 FC 36.88 3.84 4.31 3.50 9.49
15-12-22 OC 123.08 44.35 61.88 40.38 32.81
20-12-22 OC 0.80 0.59 1.49 0.51 63.88
21-12-22 FC 4141.75 162.59 271.43 202.54 4.89
23-12-22 FC 15.36 28.69 42.28 6.50 42.29
Part B: January - March, 2023
09-01-23 FC 3027.96 11.87 19.72 706.42 23.33
09-01-23 FC 255.56 1.36 1.95 5.32 2.08
09-01-23 OC 19.63 0.52 0.71 1.36 6.93
11-01-23 OC 47.26 8.03 11.62 8.60 18.20
11-01-23 FC 183.08 11.63 17.98 11.70 6.39
12-01-23 OC 56.53 44.98 75.04 31.19 55.17
12-01-23 OC 2333.09 51.75 559.66 139.26 5.97
12-01-23 FC 924.32 246.67 334.47 201.38 21.79
18-01-23 FC 837.07 10.62 15.17 14.10 1.68
19-01-23 FC 16.80 16.99 23.31 18.05 107.44
20-01-23 FC 49.46 9.01 12.72 11.02 22.28
20-01-23 FC 22.24 6.01 7.46 7.19 32.33
25-01-23 FC 252.61 61.96 110.21 63.11 24.98
03-02-23 OC 2176.44 115.18 175.12 334.56 15.37
03-02-23 CD 176.32 2.82 8.17 13.60 7.71
06-02-23 OC 2200.77 278.79 443.30 557.01 25.31
07-02-23 FC 40.07 11.12 16.50 13.29 33.15
08-02-23 OC 24.34 0.00 0.00 1.55 6.37
09-02-23 FC 266.36 39.44 48.71 43.11 16.18
09-02-23 FC 43.45 9.24 12.61 13.13 30.22
10-02-23 CD 7.22 2.14 3.84 2.49 34.50
10-02-23 FC 6.13 4.33 5.58 4.38 71.48
15-02-23 OC 13.42 4.74 6.59 4.62 34.41
16-02-23 FC 1708.42 708.20 1044.49 743.51 43.52
17-02-23 FC 96.63 29.91 39.23 28.00 28.98
17-02-23 OC 1.38 0.04 0.04 1.38 100.00
17-02-23 FC 15.69 1.35 2.53 0.77 4.88
17-02-23 FC 936.61 192.42 472.36 304.00 32.46
21-02-23 FC 227.32 156.52 196.02 186.66 82.12
 21-02-23 FC 154.70 25.50 29.51 31.20 20.17
22-02-23 FC 114.21 2.53 5.12 1.58 1.38
24-02-23 FC 412.07 151.01 200.15 176.99 42.95
27-02-23 FC 116.26 3.37 4.70 4.00 3.44
27-02-23 OC 17.19 6.14 8.48 10.29 59.85
27-02-23 FC 2130.15 284.00 452.00 1128.39 52.97
02-03-23 FC 208.71 30.79 43.87 33.08 15.85
02-03-23 OC 41.07 5.91 7.92 23.63 57.54
03-03-23 OC 118.67 14.55 22.15 19.55 16.47
07-03-23 FC 23083.27 17766.76 25602.32 20363.22 88.22
09-03-23 FC 81.61 47.84 64.28 61.72 75.62
13-03-23 FC 5628.04 1616.63 2719.01 2049.64 36.42
17-03-23 OC 3266.17 1207.63 1922.04 1251.00 38.30
17-03-23 FC 12.17 2.77 3.56 3.94 32.37
20-03-23 FC 3240.04 471.93 811.67 271.02 8.36
21-03-23 OC 13.16 3.35 14.69 8.00 60.77
21-03-23 FC NA NA NA NA NA
21-03-23 OC NA NA NA NA NA
22-03-23 OC 45.23 11.30 15.37 25.28 55.89
23-03-23 FC 1313.09 123.60 187.72 152.28 11.60
24-03-23 OC 70.89 6.60 9.29 14.47 20.41
24-03-23 OC 8.91 0.01 0.01 1.89 21.18
24-03-23 OC 24.90 2.71 4.32 17.15 68.89
29-03-23 FC 237.00 27.92 36.31 69.75 29.43
31-03-23 FC 9.26 0.86 0.91 1.05 11.34
31-03-23 FC NA NA NA NA NA
31-03-23 FC 39.18 6.54 8.61 14.80 37.78
31-03-23 FC 2977.67 822.18 1215.88 1583.07 53.16
31-03-23 FC 246.81 37.77 54.89 51.25 20.77
31-03-23 OC 122.97 17.39 25.17 20.71 16.84
31-03-23 OC 1853.81 342.49 682.90 693.61 37.42
31-03-23 FC 44.14 14.72 18.29 17.84 40.41
31-03-23 FC 3518.20 649.01 977.52 565.52 16.07
65115.71 25741.44 38813.75 32136.66 49.35
898906.04 169798.53 265399.73 286059.73 31.82

nding before AA.

dation. The CIRPs have restarted in 20 cases and CIRPs in 2 matters, where liquidation orders were passed earlier, have yielded resolution plans.
gnificantly influenced by the value of asset of the CD while entering the resolution process and time taken for resolution, it is also the outcome of a market
 Go to Table of Contents
(Amount in ₹ crore)
Realisable value as % of

Liquidation Fair Value

Value

97.24 77.79
- -
105.27 93.48
91.08 81.20
91.05 65.26
86.96 34.21
124.57 74.62
22.64 15.36

5953.30 3582.63
390.15 273.10
260.11 191.55
107.10 73.99
100.59 65.07
69.33 41.56
269.12 24.88
81.64 60.21
132.82 92.97
106.22 77.42
122.33 86.62
119.68 96.36
101.85 57.26
290.47 191.05
482.13 166.48
199.79 125.65
119.51 80.50
- -
109.30 88.50
142.03 104.13
116.29 64.81
101.19 78.56
97.41 70.06
104.99 71.18
93.62 71.37
3417.44 3417.44
56.86 30.20
157.99 64.36
119.26 95.22
 122.36 105.74
62.43 30.83
117.21 88.43
118.57 85.16
167.58 121.34
397.32 249.64
107.45 75.41
399.57 298.54
134.31 88.25
114.61 79.54
129.02 96.01
126.78 75.38
103.59 65.09
142.24 110.67
57.43 33.39
239.06 54.48
NA NA
NA NA
223.65 164.44
123.20 81.12
219.09 155.72
36078.20 36078.20
633.40 397.06
249.81 192.11
121.61 115.38
NA NA
226.45 171.90
192.54 130.20
135.71 93.37
119.12 82.28
202.52 101.57
121.18 97.56
87.14 57.85
124.84 82.80
168.47 83.33*

ution plans.
e outcome of a market
Table 6: CIRPs Yielded Resolutions: State of CD at the commencement of CIRP
Go to Table of Conte
Particulars No. of cases
No. of resolved cases 678
Earlier with BIFR/defunct 251
Others 423
Note: Data awaited in 4 cases

Total

2016 - 17 37
2017 - 18 706
2018 - 19 1157
2019 - 20 1985
2020 - 21 538
Apr - Jun, 2021 141
Jul - Sep, 2021 186
Oct-Dec, 2021 192
Total 4942

Total

2016 - 17 37
2017 - 18 743
2018 - 19 1900
2019 - 20 3885
2020 - 21 4423
As on June 21 4564
As on Sep 21 4750
As on Dec 21 4942
Go to Table of Contents
Table 7: Closure of CIRPs by Withdrawal till March 31, 2023
Go to Table of Contents
Amount of Claims Admitted (₹ crore) No. of CIRPs
≤ 01 464
> 01 ≤ 10 204
> 10 ≤ 50 107
> 50 ≤ 100 29
> 100 ≤ 1000 35
> 1000 8
Reason for Withdrawal
Full settlement with the applicant 325
Full settlement with other creditors 55
Agreement to settle in future 47
Other settlements with creditors 224
Others 196
Data awaited in 1 CIRP

Amount of Claims Admitted* (₹ crore) No. of CIRPs %

≤ ₹ 1 crore 464###
> ₹ 1 crore ≤ ₹ 10 crore 204###
> ₹ 10 crore ≤ ₹ 50 crore 107###
> ₹ 50 crore ≤ ₹ 100 crore 29###
> ₹ 100 crore ≤ ₹ 1000 crore 35###
> ₹ 1000 crore 8###
Total 847
Table 8: Status of Liquidation Processes as on March 31, 2023

Status of Liquidation Number

Initiated 2030*
Final Report submitted 520
Closed by Dissolution 275
Closed by Going Concern Sale 27
Closed by Compromise / Arrangement 8
Ongoing 1510
> Two years 835
> One year ≤ Two years 287
> 270 days ≤ 1 year 97
> 180 days ≤ 270 days 95
> 90 days ≤ 180 days 79
≤ 90 days 117
*This excludes 20 cases where liquidation order has been set aside by NCLT / NCLAT / HC / SC.
Go To Table of Contents
Table 9: Details of Closed Liquidations

Sl. No. Name of CD Date of Order of Amount of

Liquidation Admitted Claims

Part A: For Prior Period (Till December 31, 2022)

1 Baid Narrow Fab Private Limited 08-01-21 90.25
2 Dunn Foods Private Limited 06-02-18 122.5
3 Digicontrols Northern Private Limited 11-03-22 0
4 Confro Agro Ltd@ 18-08-22 1.75
5 Technic Projects Constructions Private Limited@ 19-09-22 0.5
6 Allbest Offshore Marine (India) Private Limited 11-11-21 0.37
7 Maadurga Thermal Power Company Limited $ 25-06-19 805.45
8 Rathi Ispat Limited 26-08-20 580.57
9 Titan Energy Systems Limited 08-08-19 253.23
Part B: January - March, 2023
1 Taurus Agile Technology Corporation Private Limited 26-09-19 197.55
2 Lumex Resources Private Limited@ 10-01-23 NC
3 Electra Accumulators Limited 12-04-21 50.39
4 Synergy Fabrics Private Limited 28-07-21 9.1
5 Terra Energy Limited $ 17-02-22 549.36
6 Mahabir Techno Limited 22-02-19 57.3
7 Sri Sai Sindhu Industries Limited 22-02-21 16.55
8 Konark Power Project Limited $ 20-12-19 31.3
9 Baadl Technologies Private Limited 08-02-19 0.58
10 FNL AAC Block Private Limited 21-09-21 25.97
11 Lexcorp Advisory Services Private Limited. 11-04-22 3.74
12 Sasi Power Private Limited$ 13-04-22 11.92
13 Sharp Knife Company Private Limited 01-10-19 57.23
14 Inka Foods Private Limited 10-01-20 31.01
15 I.C.S.A. (India) Limited $ 18-08-20 4743.53
16 Gujarat State Construction Corporation Limited 02-03-22 58.2
17 India Techs Limited 05-03-21 99.11
18 Mehadia Sales Trade Corporation Private Limited 17-04-18 122.72
19 Ennore Coke Limited 23-03-18 215.87
20 GB Raja Top Weaving Private Limited 29-08-19 130.3
21 Churakulam Tea Estates Pvt Ltd $ 30-06-21 #
22 Avani Impex Private Limited. 16-11-21 2.95
23 Luxury Trains Private Limited 08-10-18 9.14
24 Oshiya Industries Private Limited@ 03-03-23 85.78
25 Panama Systems Private Limited 10-12-20 3.02
26 Jai Laxmi Lighting Industries Private Limited 21-02-19 32.44
27 KRR Infra Projects Private Limited $ 22-03-22 344.93
28 Tag Info Solutions Private Limited 03-08-21 0.5
29 Avathera Pharma Private Limited@ 21-03-23 1.82
 30 S S P Sponge Iron Private Limited 08-07-21 56.67
Total (January – March, 2023) 6948.98
Total (Till March, 2023) 71089.20
Note: '-' means no value; @Direct dissolution, Claims pertain to CIRP period
NC means no claims received during CIRP/ liquidation process; 0 means an amount below two decimals
$ indicates sale as going concern
# Data awaited from liquidator; NA means Not Applicable
 Go To Table of Contents
(Amount in ₹ crore)
Liquidation Sale Proceeds Amount Date of Order of
Value Distributed to Dissolution/Closure
Stakeholders
Till December 31, 2022)
0.6 0.32 0.22 07-06-22
25.92 14.48 13.35 13-07-22
0.01 0.01 0 29-07-22
- - - 18-08-22
- - - 19-09-22
0.04 0.04 0 02-11-22
77 59.6 50.19 07-11-22
100.58 55 53.91 28-11-22
2.68 7.96 6.73 08-12-22
- March, 2023
33.67 22.56 21.42 02-01-23
- - - 10-01-23
0.31 0.92 0.47 11-01-23
0.18 0.13 0.13 16-01-23
27.65 23.05 21.9 18-01-23
4.28 8.68 8.42 19-01-23
1.46 0.71 0.41 19-01-23
6.72 7.05 6.33 23-01-23
0.04 0.03 0 24-01-23
5.3 12.15 10.5 25-01-23
0.05 - - 27-01-23
4.96 3.73 2.88 03-02-23
8.09 14.54 13.43 06-02-23
4.43 5.8 5.35 07-02-23
6.91 11.04 10.24 07-02-23
0.02 0.06 0 08-02-23
4.79 5.97 5.42 08-02-23
4.18 4.24 0.11 10-02-23
42.85 17.94 11.69 15-02-23
10.54 10.08 8.61 15-02-23
# # # 24-02-23
6.81 3.12 2.95 24-02-23
- - - 02-03-23
- - - 03-03-23
0.71 0.77 0.55 06-03-23
1.41 1.7 1.24 06-03-23
2.37 2.68 2.19 10-03-23
- 0 0 15-03-23
- 0 0 21-03-23
 1.48 0.56 0.45 29-03-23
179.21 157.51 134.69 NA
2740.86 2654.37 2447.21 NA
Table 10: CIRPs ending with Orders for Liquidation till March 31, 2023

State of CD at the Commencement of CIRP No. of CIRPs initiated by

FC OC CD
Either in BIFR or Non-functional or both 685 703 160
Resolution Value > Liquidation Value 120 70 39
Resolution Value ≤ Liquidation Value 802 825 166
Notes:
1. There were 110 CIRPs, where CDs were in BIFR or non-functional but had resolution value higher than liquidation value.
2. Includes cases where no resolution plans were received and cases where liquidation value is zero or not estimated.
3. Data of 8 CIRPs is awaited.

Either in BIFR or Non-functional or both

1201.56
 Go To Table of Contents
nitiated by
Total
1548
229
1793

liquidation value.
estimated.
Table 11: Reasons for Liquidations

Circumstance

CoC decided to liquidate the CD during CIRP (u/s 33(2))

AA did not receive any resolution plan for approval (u/s 33(1)(a))
AA rejected the resolution plan for non-compliance with the requirements (u/s 33(1)(b))
CD contravened provisions of resolution plan (u/s 33(3))
Total

Circumstance
CoC decided to liquidate the CD during CIRP
(u/s 33(2))
AA did not receive any resolution plan for approval
(u/s 33(1)(a))
AA rejected the resolution plan for non-compliance with the requirements
(u/s 33(1)(b))
CD contravened provisions of resolution plan
(u/s 33(3))
Total
 Go to Table of Contents
Number of Liquidations
Where Final Reports Ongoing
Submitted
300 1009 1309
206 437 643
13 45 58
1 19 20
520 1510

Total

1309

643

58

20
2030
Table 12: Claims in Liquidation Process
(Amount in ₹ crore)
Stakeholders under Number of Amount of Liquidation Amount Amount
Section Claimants claims Value Realised Distributed
Admitted
520 Liquidations where Final Report Submitted##
52 71 13807.03 743.85 696.12 674.44
53 (1) (a) NA NA 300.02
53 (1) (b) 3797 83106.84 3321.87
53 (1) (c) 3403 91.31 11.01
53 (1) (d) 674 7842.83 139.47
4423.91 3886.74#
53 (1) (e) 620 7392.55 21.11
53 (1) (f) 5823 5924.52 102.28
53 (1) (g) 0 0 0
53 (1) (h) 159 48.01 5.72
Total (A) 14547 118213.09 5167.76 4582.86# 4575.92
Ongoing 1295 Liquidations*
53 (1) (a) NA NA
53 (1) (b) 44247 663982.28
53 (1) (c) 33837 1362.95
53 (1) (d) 13306 137188.77 51,541.90**
53 (1) (e) 3104 37152.79
Not Applicable Not Applicable
53 (1) (f) 1983849 97001.41
53 (1) (g) 74 880.88
53 (1) (h) 105645 4134.24
Total (B) 2184062 941703.32
Grand Total (A+B) 2198609 1059916.41 56709.66

# Inclusive of unclaimed proceeds of ₹ 6.94 crore under liquidation.

## Data of 5 Final Report cases is partially available.
### The claims worth ₹ 6,644 crore receivable by CD have been assigned to third parties as per agreed
terms.
*Data for other liquidations are not available.
**Out of 1510 ongoing cases, liquidation value of only 1438 CDs is available. Liquidation value of
1221 CDs taken during liquidation process is ₹ 45,742.76 crore and liquidation value of rest of the 217
CDs captured during CIRP is ₹ 5,799.14 crore.
Go to Table of Contents
Table 13: Status of ongoing CIRPs as on March 31, 2023
Go to Table of Contents
Status of CIRPs No. of CIRPs
Admitted 6571
Closed on Appeal / Review / Settled 959
Closed by Withdrawal under section 12A 848
Closed by Resolution 678
Closed by Liquidation 2030
Ongoing CIRP 2056
> 270 days 1314
> 180 days ≤ 270 days 182
> 90 days ≤ 180 days 239
≤ 90 days 321

Ongoing CIRP Number of CIRPs %

> 270 days 1314 63.91%
> 180 days ≤ 270 days 182 8.85%
> 90 days ≤ 180 days 239 11.62%
≤ 90 days 321 15.61%
Total 2056 100
Table 14: Twelve Large Accounts

Name of CD Claims of FCs Dealt Under Resolution

Realisation by all
Amount Amount Realisation as %
Claimants as a
Admitted Realised of Claims
percentage of
Liquidation Value

Completed
Electrosteel Steels Limited 13175 5320 40.38 183.45
Bhushan Steel Limited 56022 35571 63.50 252.88
Monnet Ispat & Energy Limited 11015 2892 26.26 123.35
Essar Steel India Limited 49473 41018 82.91 266.65
Alok Industries Limited 29523 5052 17.11 115.39

Jyoti Structures Limited 7365 3691 50.12 387.44

Bhushan Power & Steel Limited 47158 19350 41.03 209.12
Amtek Auto Limited 12641 2615 20.68 169.65
Jaypee Infratech Limited 23083 20363 88.22 114.61

Under Process
Era Infra Engineering Limited Under CIRP
Lanco Infratech Limited Under Liquidation
ABG Shipyard Limited Under Liquidation

Name of CD Realisation by
all Claimants as
a percentage of
Liquidation
Value

Jyoti Structures 387%

Essar Steel India 267%
Bhushan Steel 253%
Bhushan Power & Steel 209%
Electrosteel Steels 183%
Amtek Auto 170%
Monnet Ispat & Energy 123%
Alok Industries 115%
 (Amount in ₹ crore) Go to Table of Contents
Successful
Resolution Applicant

Vedanta Ltd.
Bamnipal Steel Ltd.
Consortium of JSW and AION Investments Pvt. Ltd.
Arcelor Mittal India Pvt. Ltd.
Reliance Industries Limited, JM Financial Asset Reconstruction
Company Ltd., JMFARC - March 2018 Trust
Group of HNIs led by Mr. Sharad Sanghi.
JSW Limited
Deccan Value Investors L.P. and DVI PE (Mauritius) Ltd.
Suraksha Reality Limited and Lakshdeep Investments and
Finance Private Limited
Table 15: Details of Avoidance Applications and Disposal
(Amount in ₹ crore)
Sl. No Nature of Applications Filed Applications Disposed
transactions
Number of Amount Number of Amount Amount
transactions involved transactions involved clawed back
1 Preferential 134 15056.69 40 651.13 34.15
2 Undervalued 16 884.73 4 362 5.77
3 Fraudulent 176 64234.89 23 1049.23 5.59
4 Extortionate 3 70.68 - - -
5 Combination 542 205121.4 96 40034.15 5169.59*
Total 871 285368.39 163 42096.51 5215.10*

*In the matter of Jaypee Infra, possession of 758 acres out of total 858 acres of land was given back to
the CD. The 858 acres of land was earlier valued at ₹5,500 crore.
Go to Table of Contents
Table 16: Commencement of Voluntary Liquidations till March 31, 2023
(Number)
Period Liquidations at Liquidations Liquidation closed by Liquidations at
the beginning Commenced Withdrawal Final Reports the end of
Submitted period
2017 - 18 NA 184 0 11 173
2018 - 19 173 232 6 101 298
2019 - 20 298 273 1 150 420
2020 - 21 420 251 2 185 484
2021 - 22 484 302 3 261 522
Apr - Jun, 2022 522 56 0 75 503
Jul - Sep, 2022 503 60 1 82 480
Oct - Dec, 2022 480 81 1 77 483
Jan - Mar, 2023 483 120 1 82 520
Total NA 1559 15 1024 520

Period Liquidations at Commenced Commenced Closed Closed

the beginning
As on March 18 0 184 184 11 11
As on March 19 173 232 416 103 114
2019 - 20 302 274 690 135 249
2020-2021 441 251 941 178 427
Apr - Jun, 2020 514 37 978 34 461
Jul - Sep, 2021 517 75 1053 50 511
Oct-Dec, 2021 542 62 1115 45 556

Period Commenced Closed

As on March 18 184 11
As on March 19 416 114
2019 - 20 690 249
2020-2021 941 427
Apr - Jun, 2020 978 461
Jul - Sep, 2021 1053 511
Oct-Dec, 2021 1115 556
Go to Table of Contents
Table 17: Status of Voluntary Liquidations as on March 31, 2023
Go to Table of Contents
Status No. of Liquidations
Initiated 1559
Closed by withdrawal 15
Final Report Submitted 1024
Closed by Dissolution 512
Ongoing 520
> Two years 184
> One year ≤ Two years 98
> 270 days ≤ 1 year 27
> 180 days ≤ 270 days 30
> 90 days ≤ 180 days 63
≤ 90 days 118

Ongoing
> Two years 184
> One year ≤ Two years 98
> 270 days ≤ 1 year 27
> 180 days ≤ 270 days 30
> 90 days ≤ 180 days 63
≤ 90 days 118
Table 18: Reasons For V

Sl. No.

1
2
3
4

5
Total
Table 18: Reasons For Voluntary Liquidations
Go to Table of Contents
Reason for Voluntary Liquidation No. of Corporate
Persons
Not carrying business operations 979
Commercially unviable 226
Promoters unable to manage affairs 34
Purpose for which company was formed
accomplished / Contract Termination 43
Miscellaneous 135
Total 1417
Table 19: Details of 1544 Voluntary Liquidations (Excluding 15 Withdrawals)

Details of No. of Paid-up capital* Assets

Liquidations
Liquidations for which Final Reports submitted** 1024 5711 6392***
Ongoing Liquidations 520 4737# 2957#
Total 1544 10448 9349

* Paid up capital is not available in case of seven companies as they are limited by guarantee companies where there exist no shareholders
** Data for 38 Final Report cases are awaited.
*** Assets of 21 cases are not available.
****For ongoing liquidations, outstanding debt amount is not available.
# Paid up capital and assets of 421 and 392 cases, respectively, are available.
 (Amount in ₹ crore) Go to Table of Contents
Outstanding Amount paid to Surplus
debt creditors
73 73 6727
****
****

re there exist no shareholders and paid-up capital.

Table 20: Realisations under Voluntary Liquidation

Sl. No. Name of Corporate Person Date of Date of

Commencement Dissolution
Part A: For Prior Period (Till December 31, 2022)
1 Indigram Supply Chain Solutions Private Limited 29-01-19 12-07-19
2 Jyothirgamaya Education Private Limited 15-07-18 09-09-19
3 Foundation for Civilisational and Development Studies 29-01-19 06-11-19
4 HMS Host and Lite Bite Private Limited 12-09-18 11-11-19
5 SB&N Freight Exchange Private Limited 19-11-18 26-11-19
6 GIPCL Projects and Consultancy Company Limited 03-01-19 06-01-20
7 Naiad Natural Herb India Private Limited 12-07-18 06-01-20
8 Medinfi Healthcare Private Limited 22-02-19 09-01-20
9 Cambridge Consultants (India) Product Development Private 19-07-18 02-05-20
10 Match Manufacturers Service Association 03-06-19 29-05-20
11 Hirit Hydro Power Private Limited 17-12-18 12-03-21
12 Suryam Projects Private Limited 13-05-19 22-03-21
13 Sequenom Biosciences (India) Private Limited 22-09-20 01-07-21
14 Neo Surface Technology (India) Private Limited 22-04-19 06-08-21
15 Ivisa Global Facilitation Services Private Limited 22-03-18 23-08-21
16 Indo Japan Air Services Private Limited 17-12-21 30-01-22
17 Kingspan India Private Limited 17-06-19 23-03-22
18 Alexandria Gujarat Tech Park Private Limited 22-01-18 18-04-22
19 Peel Technologies (India) Private Limited 04-09-21 30-06-22
20 Wells Fargo International Finance (India) Private Limited 05-10-18 18-08-22
21 Dibya Housing and Finance Pvt Ltd 15-03-21 25-08-22
22 Equis Housing Private Limited 30-09-20 25-08-22
23 KSA Rampart Private Limited 30-07-21 13-09-22
24 Henderson Equity Partners India Private Limited 30-10-17 16-11-22
25 Star Capital Management Limited 16-03-22 01-12-22
26 I V Share and Stock Brokers Ltd 20-02-20 02-12-22
27 Transit Operations India Private Limited 28-02-20 05-12-22
28 Rapid Scan Systems Limited 21-09-20 09-12-22
29 Lastline Technologies Private Limited 29-09-21 16-12-22
30 G D M Traders Private Limited 06-01-22 21-12-22
31 LF Financial Services Private Limited 13-07-22 22-12-22
Part B: For January– March, 2023
1 SRII M.P.F. Industries LLP 15-07-21 04-01-23
2 Suxxus DBS Securities Limited 24-01-22 12-01-23
3 Black Rose (Henna ) Private Limited 18-11-20 16-01-23
4 Spire Advisory Services India Private Limited 14-04-21 18-01-23
5 Hainan Constructions Private Limited 06-01-22 18-01-23
6 Prodek Lektronics Private Limited 12-03-18 20-01-23
7 Colourful Eco Park Limited 08-07-20 20-01-23
8 Southern Bags & Chemicals Private Limited 09-04-20 20-01-23
 9 Yogeshwar Enterprise Private Limited 10-11-21 23-01-23
10 Poseidon Diving Operators Private Limited 24-12-18 24-01-23
11 Smasher Communications Private Limited 19-03-22 24-01-23
12 Tadano India Private Limited 25-07-19 24-01-23
13 American Orient Capital Partners India Private Limited 24-06-21 25-01-23
14 Bee Gee Developers Private Limited 25-02-21 30-01-23
15 Analytics First Private Limited 25-07-20 31-01-23
16 ADS Advanced Engineering (India) Private Limited 17-10-20 31-01-23
17 Smartcooky Internet Limited 12-03-21 03-02-23
18 Wilson Tool India Private Limited 31-03-22 07-02-23
19 S R Reclamation Private Limited 30-01-20 08-02-23
20 Dhandho India Private Limited 30-11-19 08-02-23
21 Sandhar Ecco Green Energy Private Limited 22-05-21 10-02-23
22 Maanchet Machine (India) Private Limited 15-11-19 13-02-23
23 Caritor Tech Park India Private Limited 22-09-22 13-02-23
24 CAI Industries CBE Private Limited 07-10-20 13-02-23
25 Hitachi Nest Control Systems Private Limited 04-10-18 15-02-23
26 Commonwealth Power (India) Private Limited 14-06-19 17-02-23
27 MG and Co. Private Limited 29-12-21 17-02-23
28 Wellwisher Investment and Trading Limited 26-07-21 21-02-23
29 YBS (IFSC) Private Limited 05-08-21 27-02-23
30 BTL Builders Private Limited 30-03-21 27-02-23
31 HSBC Global Shared Services (India) Private Limited 15-06-17 03-03-23
32 MAPR Technologies Research and Development India Privat 27-09-21 14-03-23
33 IL&FS Broking Services Private Limited 07-12-18 17-03-23
34 Tata Hal Technologies Limited 08-06-21 17-03-23
35 Ooyala India Private Limited 22-11-20 29-03-23
36 Proterra Investment Advisors India Private Limited 19-08-21 29-03-23
Total (January– March, 2023)
Total (Till March, 2023)
0' means an amount below two decimals; '-' means no value
 (Amount in ₹ crore)
Realisation of Amount due to Amount paid to Liquidation Surplus Go to Table of Contents
Assets Creditors Creditors Expenses
d (Till December 31, 2022)
0.49 - - 0.02 0.47
1.73 1.64 1.64 0.08 -
0 - - 0 -
0.53 0.46 0.46 0.04 0.03
1.21 - - 0.01 1.2
0.40 - - 0.03 0.38
0.11 0.03 0.03 0.02 0.05
0 - - 0 -
0.31 - - 0.01 0.3
0.01 - - 0.01 -
1.57 - - 0.04 1.53
11.14 - - 0.03 11.11
0.01 0 0 0.01 -
0.58 0.01 0.01 0.06 0.51
1.4 0 0 0.16 1.24
1.93 0.01 0.01 0.04 1.88
0.17 0.12 0.12 0.05 -
4.11 0.27 0.27 0.14 3.7
0.4 - - 0.07 0.33
1.61 0 0 0.4 1.21
0.52 0.51 0.51 0.01 -
0.03 - - 0.03 -
1.76 - - 0.02 1.74
2.9 - - 0.85 2.06
1.72 - - 0.02 1.7
0.29 - - 0.03 0.26
0.47 - - 0.14 0.32
4.8 4.77 4.77 0.03 -
0.08 - - 0.01 0.07
0.03 - - 0.01 0.02
1.72 - - 0.05 1.67
uary– March, 2023
3.53 - - 3.53 0
0.48 - - 0.19 0.29
1.65 - - 0.02 1.63
21.44 - - 0.23 21.21
0.03 0.01 0.01 0.01 0.01
6.34 0.46 0.46 0.03 5.85
1.67 - - 0.05 1.62
0.37 - - 0.06 0.31
 1.41 - - 0.02 1.38
0.46 - - 0.02 0.43
0.08 - - 0.08 -
1.76 - - 0.41 1.35
0.05 - - 0.05 -
0.78 - - 0.11 0.67
0.31 - - - 0.31
1.32 - - 0.04 1.28
0 - - 0 -
0.45 0.18 0.18 0.27 -
0.47 - - 0.04 0.44
0.06 - - 0.05 0.01
1.56 0.03 0.03 0.07 1.46
0.31 - - 0.01 0.3
1.50 0 0 0.01 1.49
2.10 - - 0.05 2.05
19.28 - - 1.48 17.8
0.01 - - 0.01 -
0.62 - - 0.05 0.57
0.21 - - 0.02 0.19
1.19 - - 0.01 1.17
0.73 0.05 0.05 0.01 0.67
5.21 - - 0.68 4.53
0.82 0.19 0.19 0.63 -
- - - - -
0.81 0.08 0.08 0.06 0.67
0.50 - - 0.23 0.27
2.05 - - 0.31 1.74
79.56 1.00 1.00 8.84 69.70
3945.21 36.76 36.76 101.10 3,807.27
Table 21: Average Time for approval of Resolution Plans / Orders For Liquidation

Sl. No. Average time As on March, 2021

No. of Processes Time (In days)
covered Including
excluded time

CIRPs
1 From ICD to approval of resolution plans by AA 351 464
2 From ICD to order for Liquidation by AA 1287 352
Liquidations
3 From LCD to submission of final report under Liquidation 267 427
4 From LCD to submission of final report under Voluntary Liquidation 447 381
5 From LCD to order for dissolution under Liquidation 146 398
6 From LCD to order for dissolution under Voluntary Liquidation 245 512
n March, 2021 As on March, 2022 April, 2022 to March, 2023 Go to Table of Contents
Time (In days) No. of Time (In days) No. of Time (In days)
Excluding
Processes Including Excluding
Processes Including Excluding
excluded time covered excluded time excluded time covered excluded time excluded time

IRPs
406 498 535 451 180 831 682
NA 1630 415 NA 400 623 NA
idations
NA 403 489 NA 117 678 NA
NA 708 427 NA 316 376 NA
NA 237 516 NA 73 829 NA
NA 351 583 NA 161 789 NA
Table 22: Corporate Liquidation Accounts as on March 31, 2023
(Amount in ₹ lakh)
Name of Account Opening Balance Deposit during the Withdrawn during Balance at the end
period the period of the period
Corporate Liquidation Account
2019 - 20 0.00 476.26 0.21 476.05
2020 - 21 476.05 116.18 0.00 592.23
2021 - 22 592.23 25.93 4.84 613.32
Apr - Jun, 2022 613.32 8.36 0.00 621.68
Jul - Sep, 2022 621.68 223.82 0.00 845.50
Oct - Dec, 2022 845.50 24.4 0.00 869.90
Oct - Dec, 2022 869.90 339.52 0.00 1209.42
Corporate Voluntary Liquidation Account
2019 - 20 0.00 109.70 0.00 109.70
2020 - 21 109.70 112.06 0.00 221.76
2021 - 22 221.76 127.94 0.03 349.67
Apr - Jun, 2022 349.67 2.02 10.42 341.27
Jul - Sep, 2022 341.27 3.79 0.00 345.06
Oct - Dec, 2022 345.06 6.28 0.00 351.34
Oct - Dec, 2022 351.34 229.20 0.00 580.54
Go to Table of Contents
Table 23: Insolvency Resolution of Personal Guarantors
(Amount in ₹ crore)
Period Applications filed by Total Adjudicating
Authority
Debtor By Creditor
(u/s 94) (u/s 95)
Number Debt Amount Number Debt Amount Number Debt NCLT DRT
Amount
2019 - 20 3 49.66 20 3289.85 23 3339.51 22 1
2020 - 21 20 2485.94 236 37632.83 256 40118.77 250 6
2021 - 22 85 3095.87 840 62370.56 925 65466.43 910 15
Apr - Jun, 2022 16 698.73 174 7525.29 190 8224.02 190 0
Jul - Sep, 2022 23 1128.67 155 12896.91 178 14025.58 178 0
Oct - Dec, 2022 17 8533.46 114 4047.74 131 12581.2 131 0
Jan - Mar, 2023 6 15.75 130 9393.37 136 9409.12 136 0
Total 170 16008.08 1669 137156.55 1839 153164.63 1817 22
Notes:
The data are provisional. These are getting revised on continuous basis as further information is received.
Debt data not available in 326 cases.
Go to Table of Contents
Table 24: Status of filed applications for initiation of insolvency resolution process of Personal Guarantors

Period No. of Before appointment of RP No. of cases After appointment of RP

applications where RPs have
filed No. of Applications No. of Applications been appointed* No. of Applications
withdrawn dismissed/ rejected withdrawn
2019 - 20 23 0 0 2 0
2020 - 21 256 6 1 35 2
2021 - 22 925 14 11 359 0
Apr - Jun, 2022 190 3 15 142 2
Jul - Sep, 2022 178 2 5 129 3
Oct - Dec, 2022 131 3 2 54 4
Jan - Mar, 2023 136 0 1 39 0
Total 1839 28 35 760 11
* This includes the admitted cases and cases which are withdrawn or dismissed or rajected after appointment of RP.
Guarantors
Go to Table of Contents
After appointment of RP No. of cases
Admitted
No. of Applications
dismissed/ rejected
0 0
1 9
7 30
5 103
0 31
10 11
2 24
25 208
Table 25: PIRPs Yielding Approval of Repayment Plan

Sl. No. Name of the PG Name of the CD PIRP initiated by Date of

commencement of
IIRP

1 J Vikram Creditor 2/15/2022

2 M Radha Devi Creditor 2/15/2022
3 K Vijay Kumar Creditor 2/15/2022
4 K Supriya Creditor 2/15/2022
5 M Laxmi Narayan Reddy Creditor 2/15/2022
6 K Tara Bai Vishwa Infrastructures & Creditor 2/15/2022
7 L Sridhar Reddy Services Pvt Ltd Creditor 2/15/2022
8 M Laxmi Prasanna Creditor 2/15/2022
9 Y Padmaja Creditor 2/15/2022
10 Yerra Srinivas Creditor 2/15/2022
11 Y Narsinga Rao Creditor 2/15/2022
12 J Sunitha Creditor 2/15/2022
Total (January– March, 2023)
Total (Till March, 2023)
 (Amount in ₹ crore) Go to Table of Contents
Date of approval of Total admitted Realisable Amount Realisable % of
plan claims realisation by
creditors

3/9/2023
3/9/2023
3/9/2023
3/9/2023
3/9/2023
3/9/2023
1441.6 11.1 0.77%
3/9/2023
3/9/2023
3/9/2023
3/9/2023
3/9/2023
3/9/2023
1441.60 11.1 0.77%
1471.88 23.10 1.57%
Table 26: Registered IPs and AFAs as on March 31, 2023
(Number)
City / Region Registered IPs IPs having AFA
IIIP ICAI ICSI IIP IPA ICAI Total IIIP ICAI ICSI IIP IPA ICAI
New Delhi 487 287 95 869 284 168 60
Rest of Northern Region 502 211 75 788 262 117 39
Mumbai 425 151 40 616 241 78 27
Rest of Western Region 359 129 50 538 222 75 22
Chennai 155 89 20 264 88 45 14
Rest of Southern Region 436 228 86 750 221 127 59
Kolkata 232 43 25 300 149 23 13
Rest of Eastern Region 79 31 11 121 46 17 8
Total (Individual) 2675 1169 402 4246 1513 650 242
Total (IPE as IP) 24 8 9 41 22 7 9
Grant Total 2699 1177 411 4287 1535 657 251
 (Number) Go to Table of Contents
ing AFA
Total
512
418
346
319
147
407
185
71
2405
38
2443
Table 27: Registration and Cancellation of Registrations of IPs

Year / Quarter Registered at Registered Cancelled during the period on account of

the beginning during the Disciplinary Failing to Meet Death
of the period period Process Eligibility Norms
2016 - 17 (Nov - Dec) # 0 977 0 0 0
2016 - 17 (Jan - Mar) 0 96 0 0 0
2017 - 18 96 1716 0 0 0
2018 - 19 1812 648 4 0 0
2019 - 20 2456 554 0 1 5
2020 - 21 3004 506 0 1 5
2021 - 22 3504 549 1 0 8
Apr - Jun, 2022 4044 56 2 0 2
Jul - Sep, 2022 4096 80 0 0 1
Oct - Dec, 2022 4175 43 0 0 2
Jan – Mar, 2023 4216 30 0 0 0
Total (Individual) NA 4278 7 2 23
Total (IPE as IP) 0 41 0 0 0
Grant Total NA 4319 7 2 23
# Registration with validity of six months. These registrations expired by June 30, 2017.
 (Number) Go to Table of Contents
Registered at
the end of the
period
977
96
1812
2456
3004
3504
4044
4096
4175
4216
4246
4246
41
4287
Table 28: Distribution of IPs as per their eligibility as on March 31, 2023
Go to Table of Conten
Eligibility No. of IPs
Male Female Total
Member of ICAI 2133 207 2340
Member of ICSI 585 129 714
Member of ICMAI 185 19 204
Member of Bar Council 230 32 262
Managerial Experience 667 31 698
GIP Qualified 26 2 28
Total 3826 420 4246
Go to Table of Contents
Table 29: Age profile of IPs as on March 31, 2023

Age Group (in years) Registered IPs IPs having AFA

IIIP ICAI ICSI IIP IPA ICAI Total IIIP ICAI
≤ 30 13 8 0 21 9
> 30 ≤ 40 241 67 19 327 146
> 40 ≤ 50 953 383 54 1390 572
> 50 ≤ 60 803 334 100 1237 453
> 60 ≤ 70 610 327 206 1143 334
> 70 ≤ 80 53 44 19 116 NA
> 80 ≤ 90 2 6 3 11 NA
> 90 1 0 0 1 NA
Total* 2676
# Excluding 790 AFAs which are expired / not renewed.
1169 401 4246 1514
NA: Not Applicable.
 (Number) Go to Table of Contents
IPs having AFA
ICSI IIP IPA ICAI Total
3 0 12
40 13 199
233 29 834
192 68 713
182 131 647
NA NA NA
NA NA NA
NA NA NA
650 241 2405
Table 30: Replacement of IRP with RP as on March 31, 2023
Go to Table of Contents
CIRP initiated by No. of CIRPs

Where RP is different Where RPs have been

from the IRP appointed
CD 138 362
OC 723 2227
FC 520 2445
Total 1381 5034
Table 31: IPEs as on March 31, 2023
Go to Table of Contents
Quarter No. of IPEs
Recognised Derecognised At the end of the
Period
2016 - 17 (Jan - Mar) 3 0 3
2017 - 18 73 1 75
2018 - 19 13 40 48
2019 - 20 23 2 69
2020 - 21 14 0 83
2021 - 22 10 2 91
Apr - Jun, 2022 4 0 95
Jul - Sep, 2022 2 1 96
Oct - Dec, 2022 5 0 101
Jan – Mar, 2023 6 0 107
Total 153 46 107
Table 32: Activities by IPAs

Period Number of
Pre-registration CPE Training Other Disciplinary Complaints
Courses Programmes Workshops for Workshops/ Orders Issued forwarded by
conducted conducted Ips Webinars/ IBBI disposed
Roundtables/
seminars
2018 - 19 16 - 7 100 4 11
2019 - 20 11 30 9 157 9 127
2020 - 21 14 193 66 102 42 102
2021 - 22 13 133 56 81 23 12
Apr - Jun, 2022 2 44 30 60 80 -
Jul - Sep, 2022 2 40 22 29 - 16
Oct - Dec, 2022 3 55 23 32 5 60
Jan - Mar, 2023 8 92 29 71 - 49
Total 69 587 242 632 163 377
Go to Table of Contents
Table 33: CPE hours earned by the IPs
Go to Table of Con
Period Number of CPE Hours earned by members of
IIIP ICAI ICSI IIP IPA ICAI Total
2019 - 20 1160 695 320 2175
2020 - 21 18465 8746 4647 31858
2021 - 22 14123 7890 3872 25885
Apr - Jun, 2022 1651 2205 820 4676
Jul - Sep, 2022 1338 947 818 3103
Oct - Dec, 2022 5092 3972 1198 10262
Jan - Mar, 2023 14104 3608 597 18309
Total 55933 28063 12272 96268
Average CPE hours
per registered IP 20.9 24.01 30.6 22.67
Go to Table of Contents
Table 34: Details of information with NeSL

At the end of Year / Creditors having Creditors who have Debtors whose Loan records
Month agreement with submitted information information is submitted on-boarded by
NeSL by

FCs OCs FCs OCs FCs OCs FCs

2018 - 19 173 NA 114 169 1266445 230 1955230

2019 - 20 267 NA 381 543 6551739 6191 9417317
2020 - 21 289 NA 621 675 8988348 9066 14565545
2021 - 22 347 NA 692 779 9494394 3312 14039325
Apr - Jun, 2022 384 NA 711 805 10566819 3202 15780894
Jul - Sep, 2022 397 NA 722 864 12431550 5143 18470836
Oct - Dec, 2022 403 NA 746 886 15094865 5505 21658202
Jan - Mar, 2023 415 NA 770 1204 18391569 11529 25946358
NA: Not Available

No. of
No. of Loan No. of
At the end of Year / records
FCs OCs records on- FCs OCs debtors
Month authenticate
boarded registered
d
2018 - 19 19.55 0.00 19.56 41.15 0.16 0.15 0.14
2019 - 20 94.17 1.68 94.17 78.74 0.32 0.73 1.09
2020 - 21 107.22 2.05 145.60 98.56 0.33 1.39 2.83
Jun, 2021 121.27 2.07 156.06 122.99 0.34 1.53 3.46
Sep, 2021 136.66 2.54 120.51 128.75 0.36 1.68 4.07
Dec,2021 128.39 1.96 4.62

2018 - 19 0.15
2019 - 20 0.73
Jun, 2020 1.07
Sep, 2020 1.21
Dec, 2020 1.30
Mar, 2021 1.40
Jun, 2021 1.53
 (Number, except as stated) Go to Table of Con
Loan records Amount of underlying User Loan records authenticated by No. of Defaults
on-boarded by debt registrations debtors authenticated
(₹ crore) (debtors) by debtors

OCs FCs OCs No. of Debtors No. of Records Value

(₹ crore)
316 4114988 16224 15148 13799 48428 54
167719 7873689 31910 73332 109726 118428 240075
292206 13195075 36770 139980 283839 499957 442584
185166 14539538 42894 241753 514932 682369 299584
220439 15879423 43324 309621 595898 723800 395561
261253 16604957 49814 445462 671891 754352 445147
305120 17365472 46951 555731 741818 747219 479091
333694 18829291 53691 678212 802698 812320 612901

Value of
records
authenticate
d
(Amt. in ₹
0.48
lakh crore)
1.18
4.99
4.86
5.79
6.90
Go to Table of Contents
Table 35: Registered Valuers as on March 31, 2023
(Numb
Registered Valuer Organisation Asset Class
Land & Building Plant & Securities or
Machinery Financial Assets
RVO Estate Managers and Appraisers Foundation 87 14 16
IOV Registered Valuers Foundation 1524 244 179
ICSI Registered Valuers Organisation 0 0 248
IIV India registered Valuers Foundation 174 48 55
ICMAI Registered Valuers Organisation 50 31 308
ICAI Registered Valuers Organisation NA NA 1037
PVAI Valuation Professional Organisation 321 56 131
CVSRTA Registered Valuers Association 208 61 NA
Association of Certified Valuators and Analysts NA NA 4
CEV Integral Appraisers Foundation 139 43 3
Divya Jyoti Foundation 93 18 62
Nandadeep Valuers Foundation 5 0 1
All India Institute of Valuers Foundation* 4 2 8
International Business Valuers Association 3 1 20
All India Valuers Association 2 NA NA
Assessors and Registered Valuers foundation 39 13 27
Total 2649 531 2099
Note: NA signifies that the RVO is not recognised for that asset class.
*The RVO has merged with IOV Registered Valuers Foundation and the transfer of membership of members is under process.
 (Number) Go to Table of Contents
Total

117
1947
248
277
389
1037
508
269
4
185
173
6
14
24
2
79
5279

rocess.
Table 36: Registered Valuers (Entities) as on March 31, 2023
(Num
Registered Valuer Organisation Entities Registered Registration in the Asset Class
Land & Building Plant & Machinery

RVO Estate Managers and Appraisers Foundation 5 5 3

IOV Registered Valuers Foundation 30 27 24
ICSI Registered Valuers Organisation 4 0 0
IIV India Registered Valuers Foundation 1 1 1
ICMAI Registered Valuers Organisation 14 7 7
ICAI Registered Valuers Organisation 15 0 0
PVAI Valuation Professional Organisation 2 2 2
CVSRTA Registered Valuers Association 1 1 1
CEV Integral Appraisers Foundation 1 1 1
Divya Jyoti Foundation 3 2 2
All India Institute of Valuers Foundation 1 1 1
International Business Valuers Association 6 6 4
Total 83 53 46
Note: The registration of 1 entity is under suspension.
 (Number) Go to Table of Contents
in the Asset Class
Securities or
Financial Assets
4
23
4
0
14
15
2
0
0
3
1
4
70
Table 37: Registration of RVs till March 31, 2023
(Number)
Year / Quarter Land & Building Plant & Machinery Securities or Financial Total
Assets
2017 - 2018 0 0 0 0
2018 - 2019 781 121 284 1186
2019 - 2020 848 204 792 1844
2020 - 2021 409 82 446 937
2021 - 2022 302 67 303 672
Apr - Jun, 2022 48 6 52 106
Jul - Sep, 2022 100 21 110 231
Oct - Dec, 2022 119 23 88 230
Jan - Mar, 2023 44 7 25 76
Total 2651 531 2100 5282
Note: The registration of 2 RVs has since been cancelled and registration of 1 RV is under suspension.
Go to Table of Contents
Table 38: Region Wise Registered Valuers as on March 31, 2023
(Number) Go to Table of Contents
City / Region Land & Plant & Securities or Total
Building Machinery Financial
Assets
New Delhi 89 37 254 380
Rest of Northern Region 430 87 371 888
Mumbai 120 55 319 494
Rest of Western Region 759 153 349 1261
Chennai 120 45 150 315
Rest of Southern Region 1049 127 491 1667
Kolkata 33 19 121 173
Rest of Eastern Region 49 8 44 101
Total 2649 531 2099 5279
Table 39: Age profile of RVs as on March 31, 2023
(Number) Go to Table of Contents
Age Group Land & Building Plant & Securities or Financial Total
(in years) Machinery Assets
≤ 30 150 7 113 270
> 30 ≤ 40 533 77 806 1416
> 40 ≤ 50 533 111 661 1305
> 50 ≤ 60 1008 158 323 1489
> 60 ≤ 70 375 121 180 676
> 70 ≤ 80 44 54 15 113
> 80 6 3 1 10
Total 2649 531 2099 5279
Go to Table of Contents