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6% of total and 14% of closed cases find resolution under IBC so far

Updated : May 20, 2020 02:18 PM IST

A total of 3,774 cases or corporate insolvency resolution processes (CIRPs) have been filed since the Insolvency and Bankruptcy Code (IBC) came into force on December 1, 2016.
Of these, about 43 percent have closed, by way of resolution, liquidation or other means, total lying 1,604 cases.

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