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

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January-March, 2021, Vol. 18. When using the data, please refer to the Insolvency and Banruptcy News, January-March, 2021, Vol. 18.
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vency and Bankrupty Board of India,
nuary-March, 2021, Vol. 18.
as a guide for taking or recommending
sional advice if he/she intends to take
 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA
INSOLVENCY AND BANKRUPTCY NEWS
October - December 2020 | Vol. 17

Table No. Table of Contents

1 Corporate Insolvency Resolution Process
2 Sectoral Distribution of CIRPs as on June 30, 2021
3 Initiation of Corporate Insolvency Resolution Process
4 Outcome of CIRPs, initiated Stakeholder-wise, as on June 30, 2021
5 Status of CIRPs as on June 30, 2021
6 Closure of CIRP by Withdrawal till June 30, 2021
7 CIRPs Ending with Orders for Liquidation till June 30, 2021
8 CIRPs Yielding Resolution
9 Status of Liquidation Processes as on June 30, 2021
10 Details of Closed Liquidations
11 Reasons for Liquidations
12 Claims in Liquidation Process
13 Avoidance Transactions in Corporate Insolvencies
14 Twelve Large Accounts
15 Commencement of Voluntary Liquidations till June 30, 2021
16 Status of Voluntary Liquidations as on June 30, 2021
17 Reasons for Voluntary Liquidations
18 Details of 1032 Liquidations
19 Realisations under Voluntary Liquidation
20 Average time for approval of Resolution Plans/Orders for Liquidation
21 Corporate Liquidation Accounts as on June 30, 2021
22 Insolvency Resolution of Personal Guarantors
23 Registered IPs and AFAs as on June 30, 2021
24 Registration and Cancellation of Registrations of IPs
25 Distribution of IPs as per their Eligibility as on June 30, 2021
26 Age Profile of IPs as on June 30, 2021
27 Replacement of IRP with RP as on June 30, 2021
28 IPEs as on June 30, 2021
29A Activities by IPAs
29B CPE hours earned by the IPs
30 Details of information with NeSL
31A Registered Valuers as on June 30, 2021
31B Registered Valuers (Entities) as on June 30, 2021
32 Registration of RVs till June 30, 2021
33 Region Wise Registered Valuers as on June 30, 2021
34 Age profile of RVs as on June 30, 2021
OARD OF INDIA
CY NEWS
17

Figure No.
1, 2
3, 4, 5, 6
7
8, 9, 10
11
12, 13
14

15

16

17
18
19
20

on

21

22
Table 1: Corporate Insolvency Resolution Process

Year / Quarter CIRPs at the

beginning of the
Period

2016 - 17 0
2017 - 18 36
2018 - 19 537
2019 - 20 1059
2020 - 21 1805
Apr - Jun, 2021 1631
Jul - Sep, 2021 1611
Total NA
Note: These CIRPs are in respect of 4593 CDs.
This excludes 1 CD which has moved directly from BIFR to res
Source: Compilation from website of the NCLT and filing by IP
e Insolvency Resolution Process
(Number)
Admitted Closure by CIRPs at the end
Appeal/Review/ Withdrawal under Approval of Commencement of the Period
Settled Section 12A Resolution Plan of Liquidation

37 1 0 0 0 36
706 94 0 20 91 537
1157 153 97 79 306 1059
1986 343 216 139 542 1805
537 83 157 122 349 1631
141 9 33 45 74 1611
144 18 24 16 57 1640
4708 701 527 421 1419 1640
n respect of 4593 CDs.
ch has moved directly from BIFR to resolution
m website of the NCLT and filing by IPs
Go to Table of Contents
Table 2: Sectoral Distribution Of CIRPs as on September 30, 2021
Sector No. of CIRP
Admitted Closed
Appeal/Review/ Withdrawal
Settled under Section 12
A
Manufacturing 1906 248 210
Food, Beverages & Tobacco Products 241 28 25
Chemicals & Chemical Products 192 26 30
Electrical Machinery & Apparatus 145 21 8
Fabricated Metal Products 101 12 14
Machinery & Equipment 218 35 31
Textiles, Leather & Apparel Products 327 42 34
Wood, Rubber, Plastic & Paper Products 225 28 27
Basic Metals 323 39 23
Others 134 17 18
Real Estate, Renting & Business Activities
935 180 123
Real Estate Activities 223 51 20
Computer and related activities 134 22 22
Research and Development 6 1 1
Other Business Activities 572 106 80
Construction 510 99 62
Wholesale & Retail Trade 469 63 42
Hotels & Restaurants 104 20 16
Electricity & Others 143 15 6
Transport, Storage & Communications 136 18 14
Others 505 58 54
Total 4708 701 527
Note: The distribution is based on the CIN of CDs and as per National Industrial Classification (NIC 2004).
 No. of CIRPs Go to Table of Contents
Closed Ongoing
Approval of Commencement of Total
Resolution Plan Liquidation

207 613 1278 628

25 77 155 86
24 55 135 57
9 64 102 43
10 38 74 27
18 61 145 73
23 126 225 102
29 59 143 82
47 98 207 116
22 35 92 42
55 240 598 337
9 24 104 119
4 46 94 40
1 0 3 3
41 170 397 175
42 101 304 206
27 180 312 157
14 27 77 27
20 41 82 61
10 54 96 40
46 163 321 184
421 1419 3068 1640
Note: As on September 30, 2021, 4707 CIRPs were initiated (excluding 1 Financial Service
Provider (FiSP)).
Table 3: Initiation of Corporate Insolvency Resolution Process
Year / Quarter No. of CIRPs Initiated by
Operational Creditors Financial Creditors Corporate Debtors Total

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 - 21 318 197 22 537
Apr - Jun, 2021 71 60 10 141
Jul - Sep, 2021 69 71 4 144
Total 2397 2019 291 4707
Note: As on September 30, 2021 4707 CIRPs were initiated (excluding 1 Financial Service Provider (FiSP)).
Go to Table of Contents
Table 4: Outcome of CIRPs initiated Stakeholder-wise, as on September 30, 20
Outcome Description CIRPs in
Financial
Creditor
Status of CIRPs Closure by Appeal/Review/Settled 189
Closure by Withdrawal u/s 12A 152
Closure by Approval of Resolution Plan 241
Closure by Commencement of Liquidation 628
Ongoing 809
Total 2019
CIRPs yielding Realisation by FCs as % of Liquidation Value 181.5
Resolution Plans Realisation by FCs as % of their Claims 38.5
Average time taken for Closure of CIRP 499
CIRPs yielding Liquidation Value as % of Claims 6.30
Liquidations
Average time taken for Closure of CIRP 395.00
as on September 30, 2021
Go to Table of Contents
CIRPs initiated by
Operational Corporate Total
Creditor Debtor
507 5 701
368 7 527
135 44 420
628 163 1419
759 72 1640
2397 291 4707
115.2 140.8 166.6
17.2 25.5 35.9
484 503 495
8.70 9.70 7.1
364.00 341.00 375
Table 5: Status of CIRPs As on September 30, 2021
Go to Table of Contents
Status of CIRPs No. of CIRPs
Admitted 4708
Closed on Appeal / Review / Settled 701
Closed by Withdrawal under section 12A 527
Closed by Resolution 421
Closed by Liquidation 1419
Ongoing CIRP 1640
> 270 days 1201
> 180 days ≤ 270 days 186
> 90 days ≤ 180 days 120
≤ 90 days 133
 Table 6: Closure Of CIRP by Withdrawal till September 30, 2021

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

≤ 01 270
> 01 ≤ 10 120
> 10 ≤ 50 77
> 50 ≤ 100 18
> 100 ≤ 1000 21
> 1000 5
Reason for Withdrawal*

Full settlement with the applicant 216

Full settlement with other creditors 37
Agreement to settle in future 34
Other settlements with creditors 109
Others 128
*Data awaited in 3 CIRPs
Go to Table of Contents
Table 7: CIRPs ending with Orders for Liquidation till September 30, 2021

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

FC OC CD
Either in BIFR or Non-functional or both 438 488 123
Resolution Value > Liquidation Value 86 51 28
Resolution Value ≤ Liquidation Value* 528 571 133

1. There were 76 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 22 CIRPs is awaited.
 Go to Table of Contents
itiated by
Total
1049
165
1232

gher than liquidation value.

ero or not estimated.
Table 8: CIRPs yielding Resolution

Sl. No. Name of CD Defunct Date of

(Yes/No) Commencement
of CIRP

Part A: Prior Period (Till June 30, 2

1 Segno Ceramics Private Limited 22-11-2019
2 Gandhamardhan Sponge Industries Pvt Ltd Yes 04-10-2019
3 Riddhi Siddhi Cotspin Private Limited Yes 01-01-2020
4 Francis Remedies (India) Private Limited No 09-08-2019
5 Lanco Thermal Power Limited No 09-05-2019
6 Jadoun International Private Limited No 02-03-2020
7 Prithvi Ferro Alloys Private Limited Yes 08-08-2019
8 Earth Infrastructure Limited Yes 06-06-2018

9 Syncom Healthcare Limited No 14-08-2019

10 Swati Udyog Pvt Ltd No 26-11-2019
11 Topman Exports Limited No 14-10-2019
12 Piyush Shelters India Private Limited Yes 14-05-2020
Part B: July- September, 2021
1 Indira Priyadarshini Hydro Power Private Limited No 12-12-2019
2 Alps Pharmaceuticals Private Limited Yes 06-11-2019
3 JBB-Everest Buildtech Private Limited No 03-12-2018
4 Panyam Cements and Mineral Industries Limited No 05-05-2020
5 Appu Hotels Limited No 25-01-2019
6 Cyclo Transmission Limited No 18-12-2018
7 Anil Special Steel Industries Limited Yes 05-03-2018
8 Surya Manufacturing Private Limited Yes 21-11-2019
9 Epower Energy (India) Private Limited No 12-07-2019
10 IREO Fiveriver Private Limited Yes 13-12-2018
11 Jagannath Sponge Private Limited Yes 22-04-2019
12 KVK Energy and Infrastructure Private Limited No 21-01-2020
13 Samyu Glass Private Limited No 18-10-2019
14 ABT (Madras) Private Limited No 04-12-2019
15 Shriram Cement Limited No 20-09-2019
16 Polygold Pre-Cured Systems Private Limited No 16-03-2020
Total (July - September, 2021)
Total (Till September, 2021)
Defunct: Not Going Concern/ Erstwhile BIFR.
* Data awaited
 (Amount in ₹ crore)
Date of Approval CIRP Total Admitted Liquidation Realisable by Realisable Realisable by
of Resolution initiated by Claims of FCs Value FCs by FCs as FCs as % of
Plan % of Liquidation
Admitted Value
Claims

rior Period (Till June 30, 2021)

3/17/2021 OC
25-03-2021 FC 4.86 18.00 4.86 100.00 26.98
3/31/2021 FC 29.93 3.61 3.38 11.29 93.63
05-04-2021 FC 4.42 6.17 5.12 115.84 82.98
26-04-2021 FC 33331.03 131.85 136.25 0.41 103.34
5/3/2021 OC 5.32 0.39 0.95 17.86 243.59
03-05-2021 FC 190.22 59.11 56.28 29.59 95.21
6/8/2021 FC 1361.05 533.79 ₹ 0.45 Crore to Secured FC and constructed
units to unsecured FCs i.e. homebuyers
6/14/2021 FC 31.91 12.68 12.81 40.14 101.03
16-06-2021 FC 90.08 13.76 13.24 14.70 96.22
6/22/2021 FC 190.73 12.99 17.00 8.91 130.87
6/25/2021 FC 73.63 88.70 8.61 11.69 9.71
B: July- September, 2021
02-07-2021 OC 33.79 3.51 2.54 7.52 72.36
06-07-2021 FC 38.84 5.97 6.18 15.91 103.51
14-07-2021 OC 53.06 37.09 48.21 90.86 129.98
15-07-2021 FC 386.10 85.46 90.25 23.37 105.60
16-07-2021 FC 434.56 569.33 389.56 89.65 68.42
7/16/2021 FC 20.20 10.53 8.59 42.51 81.56
7/16/2021 OC 84.83 18.67 28.20 33.24 151.04
28-07-2021 OC 28.28 6.93 6.27 22.17 90.48
05-08-2021 OC 17.75 11.88 15.53 87.49 130.72
06-08-2021 OC 408.51 135.28 335.36 82.09 247.90
06-08-2021 CD 91.43 6.62 8.75 9.57 132.18
8/6/2021 FC 428.47 0.03 15.10 3.52 50333.33
8/13/2021 FC 106.34 27.94 34.32 32.27 122.83
03-09-2021 FC 548.40 238.25 314.50 57.35 132.00
20-09-2021 OC 21.04 5.45 6.00 28.52 110.09
20-09-2021 FC 6.72 12.77 6.78 100.89 53.09
2654.33 1161.67 1305.01 49.17 112.34
685739.48 147739.63 246086.34 35.89 166.57
Go to Table of Contents
Table 9: Status of Liquidation Processes as on September 30, 2021

Status of Liquidation Number

Initiated 1419*
Final Report submitted# 264
Closed by Dissolution 151
Closed by Going Concern Sale 6
Closed by Compromise / Arrangement 7
Ongoing** 1155
> Two years 456
> One year ≤ Two years 333
> 270 days ≤ 1 year 80
> 180 days ≤ 270 days 156
> 90 days ≤ 180 days 74
≤ 90 days 56
*This excludes 12 cases where liquidation order has been set aside by NCLT / NCLAT / HC / SC.
# This includes cases where application for early dissolution has been filed with the NCLT.
** This includes 3 cases where CD has been sold as a going concern, however, submission of Final
Report is awaited.
Go to Table of Contents
Table 10: Details of Closed Liquidations

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

Liquidation Admitted Value
Claims
Part A: Prior Period (Till June 30, 2021)

1 Nagarjuna Oil Corporation Limited** 12/11/2018 10277.73 650

2 Kusalava Batteries Private Limited 4/29/2019 # #

Neutrino Power Systems Private
3 12/14/2018 # #
Limited
Part B: July-September, 2021
1 Integrated Caps Private Limited 2/1/2019 44.48 14.51
Spectacular Media Marketing Private
2 12/7/2020 34.96 0.22
Limited**
3 Saru Agro Foods Limited* 8/3/2021 0.2 NA
Penguin Umbrella Works Private
4 2/14/2020 9.71 NA
Limited
GNB Technologies (India) Private
5 11/8/2019 NC NA
limited
6 TVC Retail Limited 9/18/2019 0.26 NA
7 Jalaram Cotton & Proteins Limited 4/9/2018 79.58 17.61
Keshav Sponge & Energy Private
8 11/14/2017 96.56 39.22
Limited
Total (July-September, 2021) 265.75 71.56
Total (Till September, 2021) 29473.49 1443.93
** Compromise or arrangement under section 230 of the Companies Act, 2013
# Unsold assets valued at Rs.1.26 crore were distributed to the equity shareholders.
^ Secured creditors decided not to relinquish the security interest
NA means Not realisable/ saleable or No asset left for liquidation or Not applicable
* Direct Dissolution; Claims pertain to CIRP period
NC means no claims received during CIRP/liquidation process
 (Amount in ₹ crore) Go to Table of Contents
Sale Proceeds Amount Date of Order of
Distributed to Dissolution /
Stakeholders Closure
June 30, 2021)

600 560 3/18/2021

# # 6/25/2021

# # 6/30/2021

ber, 2021
22.39 20.19 7/1/2021

0.28 0.19 7/7/2021

NA NA 8/3/2021

NA NA 8/5/2021

NA NA 8/6/2021

NA NA 9/7/2021
17.61^ 17.50^ 9/13/2021

54.22 51.43 9/21/2021

94.5 89.31 NA
1403.26 1323.07 NA
Table 11: Reasons for Liquidations

Circumstance Number of Liquidations

Where Final
Reports Submitted
CoC decided to liquidate the CD during CIRP (u/s 33(2)) 127
AA did not receive any resolution plan for approval (u/s 33(1)(a)) 131
AA rejected the resolution plan for non-compliance with the requirements (u/s 33(1)(b)) 6
CD contravened provisions of resolution plan (u/s 33(3)) 0
Total 264
 Go to Table of Contents
umber of Liquidations
Ongoing

720
387
40
8
1155
Table 12: Claims in Liquidation Process
(Amount in ₹ crore)
Stakeholders under Number of Amount of Liquidation Amount Amount Distributed
Section Claimants claims Value Realised#
Admitted
264 Liquidations where Final Report Submitted
52 28 927.72 151.91 156.91 155.66
53 (1) (a) NA NA 108.71
53 (1) (b) 1591 38,884.69 1607.97
53 (1) (c) 836 53.27 1.86
53 (1) (d) 287 1496.46 29.67
1860.47 1802.18#
53 (1) (e) 215 2506.61 12.62
53 (1) (f) 1106 1881.33 34.92
53 (1) (g) - - -
53 (1) (h) 101 27.96 2.83
Total (A) 4164 45778.04 2012.38 1959.09# 1954.24
Ongoing 981 Liquidations*
53 (1) (a)
53 (1) (b) 37911 523952.78
53 (1) (c) 30074 1279.87
53 (1) (d) 11991 112842.52
53 (1) (e) 1060 28083.78 35190.80 **
Not Applicable Not Applicable
53 (1) (f) 1979396 36002.08
53 (1) (g) 18 277.73
53 (1) (h) 106088 3535.02
Total (B) 2166538 705973.78
Grand Total (A+B) 2170702 751751.82 37203.18
# Inclusive of unclaimed proceeds of ₹ 4.85 crore under liquidation.
*Data for other liquidations are not available.
**Out of 1155 ongoing cases, liquidation values of only 1086 CDs are available. The aggregate liquidation value of
725 CDs estimated during liquidation process is ₹ 35190.80 crore and that of 361 CDs for which estimate made
during CIRP is ₹ 11739.18 crore.
Go to Table of Contents
Table 13. Avoidance Transactions in Corporate Insolvencies

Year of Filing / Application filed during CIRP period in case of CIRPs closed by Application filed during
Disposal Liquidation period in case of
Approval of Resolution Orders for Liquidation Otherwise Liquidations
Plans
No. Amount No. Amount No. Amount No.
(₹ in Crore) (₹ in Crore) (₹ in Crore)
2017 - 18 11 11936.80 12 5651.78 0 0 0
2018 - 19 47 17052.12 84 34408.60 10 1520.17 18
2019 - 20 47 11171.55 69 14912.94 6 303.30 18
2020 - 21 13 1006.9 32 2720.45 7 1207.42 10
Apr - Jun, 2021 0 0 0 0 0 0 1
Jul - Sept , 2021 0 0 0 0 0 0 1
Total 118 41167.37 197 57693.77 23 3030.89 48
 Go to Table of Contents
Application filed during Application filed during
Liquidation period in case of CIRP period in case of
Liquidations ongoing CIRPs

Amount No. Amount

(₹ in Crore) (₹ in Crore)
0 1 128.59
22395.73 22 9396.59
5896.76 51 7726.12
1198.72 83 13625.29
4.54 6 115.84
0.65 9 3086.61
29496.4 172 34079.04
Table 14: Twelve Large Accounts

Name of CD Claims of FCs Dealt Under Resolution

Amount Amount Realisation as %
Admitted Realised of Claims

Completed
Electrosteel Steels Limited 13175 5320 40.38
Bhushan Steel Limited 56022 35571 63.5
Monnet Ispat & Energy Limited 11015 2892 26.26
Essar Steel India Limited 49473 41018 82.91

Alok Industries Limited 29523 5052 17.11

Jyoti Structures Limited 7365 3691 50.12

Bhushan Power & Steel Limited 47158 19350 41.03
Jaypee Infratech Limited* 23176 23223 100.2
Amtek Auto Limited 12641 2615 20.68
Under Process
Era Infra Engineering Limited Under CIRP
Lanco Infratech Limited Under Liquidation
ABG Shipyard Limited Under Liquidation
* The resolution plan of resolution applicant Suraksha Realty has been approved by the CoC and awaits approval of the
 (Amount in ₹ crore) Go to Table of Contents
Successful
Realisation by all Resolution Applicant
Claimants as a
percentage of
Liquidation Value

Completed
183.45 Vedanta Ltd.
252.88 Bamnipal Steel Ltd.
123.35 Consortium of JSW and AION Investments Pvt. Ltd.
266.65 Arcelor Mittal India Pvt. Ltd.
Reliance Industries Limited, JM Financial Asset Reconstruction
115.39 Company Ltd., JMFARC - March 2018 Trust

387.44 Group of HNIs led by Mr. Sharad Sanghi.

209.12 JSW Limited
130.82 NBCC (India) Limited
169.65 Deccan Value Investors L.P. and DVI PE (Mauritius) Ltd.
Under Process

he CoC and awaits approval of the Adjudicating Authority.

Table 15: Commencement of Voluntary Liquidations Till June 30, 2021
(Number)
Period Liquidations at Liquidations Liquidation closed by
the beginning Commenced Withdrawal Final Reports
Submitted
2017 - 18 0 184 0 11
2018 - 19 173 232 6* 97
2019 - 20 302 274 1 131
2020-2021 444 250 2 176
Apr - Jun, 2021 516 37 1 30
Jul - Sep, 2021 522 65 0 38
Total NA 1042 10 483

*Vide order dated February 2, 2021, the Hon;ble NCLT has recalled its order dated September 28, 2018
which suspended the voluntary liquidation process of M/s. Central Inland Water Transport Corporation
Limited.
 (Number) Go to Table of Contents
Liquidations at
the end of
period
173
302
444
516
522
549
549

dated September 28, 2018

ater Transport Corporation
Table 16: Status of Voluntary Liquidations as on September 30, 2021
Go to Table of Con
Status No. of Liquidations
Initiated 1042
Closed by withdrawal 10
Final Report Submitted 483
Closed by Dissolution 257
Ongoing 549
> Two years 177
> One year ≤ Two years 104
> 270 days ≤ 1 year 61
> 180 days ≤ 270 days 107
> 90 days ≤ 180 days 35
≤ 90 days 65
Go to Table of Contents
Table 17: Reasons For Voluntary Liquidations
Go to Table of Contents
Sl. No. Reason for Voluntary Liquidation No. of Corporate
Persons
1 Not carrying business operations 611
2 Commercially unviable 126
3 Promoters unable to manage affairs 20
4 Purpose for which company was
formed accomplished / Contract 26
Termination
5 Miscellaneous 86
Total 869
Table 18: Details of 1032 Voluntary Liquidations (Excluding Ten Withdrawals)

Details of No. of Paid-up capital Assets

Liquidations
Liquidations for which Final Reports submitted 483 1713* 3747
Ongoing Liquidations 549 4524# 2185#
Total 1032 6237 5932
* Paid up capital is not available in case of one company as it is a limited by guarantee company where there exist no shareholders and pai
**For ongoing liquidations, outstanding debt amount is not available.
# Paid up capital and assets of 394 and 385 cases, respectively, are available.
 (Amount in ₹ crore) Go to Table of Contents
Outstanding Amount paid to Surplus
debt creditors
26 26 3416
**
**
exist no shareholders and paid-up capital.
Table 19: Realisations under Voluntary Liquidation

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

Commencement Dissolution
Part A: Prior Period (Till June 31, 2020)
1 Capitaland India Private Limited 11/27/2018 2/25/2020
2 SCA Hygiene Products India Private Limited 12/4/2019 12/24/2020
3 123RF Images India Private Limited 11/25/2019 2/2/2021
4 Nahar Trading Co Private Limited 8/10/2020 6/9/2021
Part B: July-September, 2021
1 EJM India Aircraft Management Private Limited 12/15/2017 7/16/2021
2 Changyou.Com India Private Limited 6/11/2018 7/16/2021
3 Angalaparameswari Finance Private Limited 9/2/2019 7/20/2021
4 Banjara Hospital Private Limited 10/23/2019 7/23/2021
5 Manashi Trillion Construction Private Limited 11/4/2020 7/23/2021
6 Maryn Industries Private Limited 11/4/2019 8/3/2021
7 Edgen Murray (India) Private Limited 8/16/2017 8/5/2021
8 Renaissance Softlabs Private Limited 10/23/2019 8/5/2021
9 Jaishreeshyam Nirman Private Limited 4/10/2019 8/6/2021
10 Adrienne Information Suppliers Private Limited 12/13/2017 8/11/2021
11 Andromeda Derivative Strategies Limited 1/22/2019 9/13/2021
12 DSM Sobisco Foods Limited 3/30/2019 9/22/2021
Total (July-September, 2021)
Total (Till September, 2021)
 (Amount in ₹ crore)
Realisation of Amount due to Amount paid to Liquidation Surplus Go to Table of Contents
Assets Creditors Creditors Expenses
June 31, 2020)
0.18 - - 0.18 -
9.83 - - 1.7 8.13
- - - - -
1.14 - - 0.02 1.12
ber, 2021
0.86 0.67 0.67 0.19 -
2.41 0.26 0.26 0.35 1.8
2 - - 0.01 1.99
0.82 0.06 0.06 0.02 0.74
0.04 0 0 0.03 0.01
0.03 0 0 0.01 0.02
1.3 - - 0.11 1.19
1.21 - - 0.03 1.18
1.44 0 0 0.03 1.41
0.18 - - 0.01 0.17
5.43 - - 0.02 5.41
0 - - 0 -
15.72 0.99 0.99 0.81 13.92
2902.39 11.51 11.51 33.43 2857.42
Table 20: Average Time for approval of Resolution Plans / Orders For Liquidation

Sl. Average time As on March, 2020

No. of Processes Time (In days)
covered
Including excluded
time
CIRPs
1 From ICD to approval of resolution plans by AA 238 413
2 From ICD to order for Liquidation by AA 939 309
Liquidations
3 From LCD to submission of final report under Liquidation 126 307
From LCD to submission of final report under Voluntary Liquidation
4 239 322

5 From LCD to order for dissolution under Liquidation 71 284

6 From LCD to order for dissolution under Voluntary Liquidation 142 453
n March, 2020 As on March, 21 April to September, 2021
Time (In days) No. of Time (In days) No. of Time (In days)
Processes Processes
Excluding excluded covered Including excluded Excluding excluded covered Including excluded Excluding
time time time time excluded time
CIRPs
377 360 467 408 61 706 584
NA 1288 352 NA 131 601 NA
Liquidations
NA 247 415 NA 17 596 NA

NA 415 384 NA 68 478 NA

NA 144 404 NA 20 672 NA

NA 233 515 NA 24 795 NA
Go to Table of Contents
Table 21: Corporate Liquidation Accounts as on September 30, 2021
(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 0 476.26 0.21 476.05
2020 - 21 476.05 116.18 0 592.23
Apr - Jun, 2021 592.23 9.66 0 601.89
Jul - Sep, 2021 601.89 15.12 0 617.01
Corporate Voluntary Liquidation Account
2019 - 20 0 109.70 0 109.70
2020 - 21 109.7 112.06 0 221.76
Apr - Jun, 2021 221.76 3.05 0 224.81
Jul - Sep, 2021 224.81 23.42 0 248.23
Go to Table of Contents
Table 22: Insolvency Resolution Of Personal Guarantors

Period Applications filed by Total

Debtor By Creditor
(u/s 94) (u/s 95)
Number Debt Amount Guarantee Amount Number Debt Guarantee Number
Amount Amount
2019 - 20 3 49.66 40.75 14 3256.87 4,454.83 17
2020 - 21 13 1875.25 608.75 136 34023.34 24932.05 149
Apr - Jun, 2021 2 496 150.13 72 7718.68 10198.94 74
Jul - Sep, 2021 19 665.14 63.58 221 20729.5 21296.25 240
Total 37 3086.05 863.21 443 65728.39 60882.07 480
Note: NA - Not Available.
Default data not available in 31 cases and Guarantee data not available in 114 cases.
Guarantee amount has been collated from the annexures of the applications, wherever is available.
 (Amount in ₹ crore) Go to Table of Contents
Total Adjudicating
Authority

Debt Guarantee NCLT DRT

Amount Amount
3306.53 4495.58 16 1
35898.59 25540.8 143 6
8214.68 10349.07 74 0
21394.64 21359.83 231 9
68814.44 61745.28 464 16
Table 23: Registered IPs and AFAs as on September 30, 2021
(Num
City / Region Registered IPs IPs having Authorisation for Assignment
IIIPI ICSI IIP IPA ICAI Total IIIPI ICSI IIP
New Delhi 427 264 83 774 266 187
Rest of Northern Region 453 195 68 716 288 139
Mumbai 395 146 37 578 231 93
Rest of Western Region 305 115 42 462 210 76
Chennai 139 84 13 236 86 51
Rest of Southern Region 389 211 71 671 235 137
Kolkata 213 37 23 273 145 24
Rest of Eastern Region 73 25 8 106 42 16
Total Registered 2394 1077 345 3816 1503 723
 (Number) Go to Table of Contents
having Authorisation for Assignment
IPA of ICMAI Total
54 507
42 469
28 352
25 311
8 145
59 431
16 185
6 64
238 2464
Table 24: 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 fulfil the Death
of the period period Process continuing
requirement of ‘fit
and proper person’
status

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
Apr - Jun, 2021 3504 169 0 0 3
Jul - Sep, 2021 3670 147 0 0 1
Total NA 3836 4 2 14
# Registrations with validity of six months. These registrations expired by September 30, 2017.
 (Number) Go to Table of Contents
Registered at
the end of the
period

977

96
1812
2456
3004
3504
3670
3816
3816
Table 25: Distribution of IPs as per their eligibility as on September 30, 2021
Go to Table of Contents
Eligibility No. of IPs
Male Female Total
Member of ICAI 1921 177 2098
Member of ICSI 545 112 657
Member of ICMAI 178 16 194
Member of Bar Council 212 28 240
Managerial Experience 596 22 618
GIP Qualified 8 1 9
Total 3460 356 3816
Go to Table of Contents
Table 26: Age profile of IPs as on September 30, 2021
(Number)
Age Group (in years) Registered IPs IPs having AFA
IIIP ICAI ICSI IIP IPA of ICMAI Total IIIP ICAI ICSI IIP IPA of ICMAI
≤ 30 5 3 0 8 4 2 0
> 30 ≤ 40 279 71 13 363 183 49 7
> 40 ≤ 50 848 376 55 1279 568 260 36
> 50 ≤ 60 734 296 90 1120 451 212 56
> 60 ≤ 70 487 300 175 962 297 202 139
> 70 ≤ 80 38 27 9 74 NA NA NA
> 80 ≤ 90 2 4 3 9 NA NA NA
> 90 1 0 0 1 NA NA NA
Total 2394 1077 345 3816 1503 723 238
 (Number) Go to Table of Contents
ing AFA
Total
6
237
864
719
638
NA
NA
NA
2464
Table 27: Replacement of IRP with RP as on September 30, 2021
Go to Table of Contents
No. of CIRPs

CIRP initiated by Where RP is different Where RPs have been

from the IRP appointed

CD 111 269
OC 582 1714
FC 365 1766
Total 1058 3749
Table 28: IPEs as on September 30, 2021
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
Apr - Jun, 2021 1 0 84
Jul - Sep, 2021 4 2 86
Total 131 45 86
Table 29A: Activities by IPAs

Period Number of
Pre-registration Courses CPE Programmes Training Other
conducted conducted Workshops Workshops/
for Ips Webinars/
Roundtables/
seminars

2018 - 19 16 - 7 100
2019 - 20 11 30 9 157
2020 - 21 14 193 66 102
Apr - Jun, 2021 8 23 7 10
Jul - Sep, 2021 3 25 12 21
Total 52 271 101 390
 Go to Table of Contents

Disciplinary Complaints
Orders Issued forwarded by
IBBI disposed

4 11
9 127
42 102
4 0
4 5
63 245
Table 29B: CPE hours earned by the IPs
Go to Table of Con
Period Number of CPE Hours earned by members of
IIIPI ICSI IIP IPA ICAI Total
2019 - 20 1160 695 320 2175
2020 - 21 18465 8746 4402 31613
Apr - Jun, 2021 5510 2100 646 8256
Jul - Sep, 2021 1910 1314 770 3994
Total 27045 12855 6138 46038
Average CPE hours per registered IP 10.9 11 16.9 12.1
Go to Table of Contents
Note: Authenticated records and amount inludes deemed authentication.
Table 30: Details of information with NeSL

At the end of Year /

Month Creditors having Debtors whose
Creditors who have Loan records
agreement with information is submitted
submitted information on-boarded by
NeSL by

FCs OCs FCs OCs

FCs OCs FCs OCs

2018 - 19 173 NA 114 169 1266445 230 1955230 316

2019 - 20 267 NA 381 543 6551739 6191 9417317 167719
2020 - 21 289 NA 621 675 8988348 9066 14565545 292206
Jun, 2021 293 NA 664 703 9503546 9358 15606182 292544
Sep, 2021 304 NA 673 743 7879779 5833 12051173 89816
NA: Not Available

2018 - 19 0.15 19.55

2019 - 20 0.73 94.17
Jun, 2020 1.07 145.66
Sep, 2020 1.21 156.06
Dec, 2020 1.30 120.51
Mar, 2021 1.40
Jun, 2021 1.53
 (Number, except as stated) Go to Table of Contents
User Loan records authenticated by No. of Defaults
Amount of underlying registrations debtors authenticated
debt (debtors) by debtors
(₹ crore)

FCs OCs No. of Debtors No. of Records Value

(₹ crore)
4114988 16224 15148 13799 48428 54
7873689 31910 73332 109726 118428 240075
13195075 36770 139980 283839 499957 442584
13739606 40086 153103 346752 486540 447972
13659037 36766 168717 407831 579200 272284

0.00 100000
1.68
2.92
2.93
0.90
Table 31A: Registered Valuers as on September 30, 2021
(Number)
Registered Valuer Organisation Asset Class
Land & Building Plant & Securities or
Machiner Financial Assets
y
RVO Estate Managers and Appraisers Foundation 62 12 14
IOV Registered Valuers Foundation 1323 210 153
ICSI Registered Valuers Organisation 0 0 201
IIV India registered Valuers Foundation 155 45 49
ICMAI Registered Valuers Organisation 30 21 260
ICAI Registered Valuers Organisation NA NA 842
PVAI Valuation Professional Organisation 303 51 112
CVSRTA Registered Valuers Association 194 60 NA
Association of Certified Valuators and Analysts NA NA 2
CEV Integral Appraisers Foundation 98 31 3
Divya Jyoti Foundation 43 17 39
Nandadeep Valuers Foundation 0 0 1
All India Institute of Valuers Foundation 4 3 14
International Business Valuers Association 2 0 8
All India Valuers Association 1 0 0
Assessors and Registered Valuers Foundation 1 1 1
Total 2216 451 1699
Note: NA signifies the RVO is not recognised for that asset class.
(Number) Go to Table of Contents
Total

88
1686
201
249
311
842
466
254
2
132
99
1
21
10
1
3
4366
Table 31B: Registered Valuers (Entities) as on September 30, 2021

Registered Valuer Organisation Entities Registered Registration in the Asset Class

Land & Building

RVO Estate Managers and Appraisers Foundation 3 3

IOV Registered Valuers Foundation 17 14
ICSI Registered Valuers Organisation 1 0
IIV India registered Valuers Foundation 2 2
ICMAI Registered Valuers Organisation 10 4
ICAI Registered Valuers Organisation 10 NA
PVAI Valuation Professional Organisation 2 2
CVSRTA Registered Valuers Association 1 1
CEV Integral Appraisers Foundation 1 1
Divya Jyoti Foundation 2 1
All India Institute of Valuers Foundation 1 1
International Business Valuers Association 2 2
Total 52 31
Note: NA signifies the RVO is not recognised for that asset class.
 (Number) Go to Table of Contents
Registration in the Asset Class
Plant & Machinery Securities or
Financial Assets
2 2
11 14
0 1
2 1
5 10
NA 10
2 2
1 NA
1 0
1 2
1 1
2 1
28 44
Table 32: Registration of RVs till September 30, 2021
(Number) Go to Table of Contents
Year / Quarter Land & Building Plant & Securities or Total
Machinery Financial 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
Apr - Jun, 2021 95 25 86 206
Jul - Sep, 2021 84 19 91 194
Total 2217 451 1699 4367
Note: The registration of 1 RV has since been cancelled.
Table 33: Region Wise Registered Valuers as on September 30, 2021
(Number) Go to Table of Contents
City / Region Land & Plant & Securities or Total
Building Machinery Financial
Assets
New Delhi 76 34 201 311
Rest of Northern Region 344 68 287 699
Mumbai 110 49 266 425
Rest of Western Region 618 123 279 1020
Chennai 110 40 131 281
Rest of Southern Region 901 116 401 1418
Kolkata 25 14 103 142
Rest of Eastern Region 32 7 31 70
Total 2216 451 1699 4366
Table 34: Age profile of RVs as on September 30, 2021
(Number) Go to Table of Content
Age Group (in Land & Building Plant & Securities or Financial Total
years) Machinery Assets
≤ 30 144 7 114 265
> 30 ≤ 40 351 65 681 1097
> 40 ≤ 50 525 98 500 1123
> 50 ≤ 60 901 141 274 1316
> 60 ≤ 70 256 92 126 474
> 70 ≤ 80 37 46 4 87
> 80 2 2 0 4
Total 2216 451 1699 4366
Go to Table of Contents