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 959 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 Zone-wise Number of IPs in the Panel
28 Replacement of IRP with RP as on June 30, 2021
29 IPEs as on June 30, 2021
30A Activities by IPAs
30B CPE hours earned by the IPs
31 Details of information with NeSL
32A Registered Valuers as on June 30, 2021
32B Registered Valuers (Entities) as on June 30, 2021
33 Registration of RVs till June 30, 2021
34 Region Wise Registered Valuers as on June 30, 2021
35 Age profile of RVs as on June 30, 2021
OARD OF INDIA
CY NEWS

17

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

15

16

17
18
19
20

ion

21

22
Figure 1: Corporte Insolvency Resolution Process Figure 2: Mode of Closure of C
Figure 2: Mode of Closure of CIRPs Table 1: Corporate Insolvency Resolut

Year / Quarter

2016 - 17
2017 - 18
2018 - 19
2019 - 20
Apr - Jun, 2020
Jul - Sep, 2020
Oct - Dec, 2020
Jan - Mar, 2021
Apr - Jun, 2021
Total
Note: These CIRPs are in respect of 4447 CDs.
This excludes 1 CD which has moved directly fro
Source: Compilation from website of the NCLT
e 1: Corporate Insolvency Resolution Process

CIRPs at the Admitted Closure by

beginning of the Appeal/Review/ Withdrawal Approval of Commencement of
Period Settled under Section Resolution Plan Liquidation
12A

0 37 1 0 0 0
36 706 94 0 20 91
537 1157 151 97 79 306
1061 1982 331 210 140 542
1820 84 13 27 20 26
1818 96 28 39 35 82
1730 107 9 34 25 83
1686 246 21 36 41 158
1676 126 5 18 36 61
NA 4541 653 461 396 1349
These CIRPs are in respect of 4447 CDs.
xcludes 1 CD which has moved directly from BIFR to resolution
e: Compilation from website of the NCLT and filing by IPs
 Go to Table of Contents
(Number)
CIRPs at the
end of the
Period

36
537
1061
1820
1818
1730
1686
1676
1682
1682
Table 2: Sectoral Distribution Of CIRPs as on June 30, 2021
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
 as on June 30, 2021
No. of CIRPs
Admitted Closed
Appeal/Review/ Withdrawal Approval of Commencement of Total
Settled under Section 12 Resolution Plan Liquidation
A

1849 228 189 194 588 1199

236 25 24 25 76 150
183 22 26 23 53 124
141 17 6 9 59 91
97 12 13 10 35 70
207 35 29 18 57 139
318 38 30 21 124 213
223 26 25 28 55 134
314 38 20 43 95 196
130 15 16 17 34 82
903 168 111 54 227 560
213 48 18 9 23 98
131 20 18 4 40 82
6 1 1 1 0 3
553 99 74 40 164 377
478 94 51 39 98 282
452 59 36 24 169 288
102 19 13 14 25 71
140 15 5 14 36 70
134 17 12 10 51 90
483 53 44 47 155 299
4541 653 461 396 1349 2859
and as per National Industrial Classification (NIC 2004).
 Go to Table of Contents

Ongoing

650
86
59
50
27
68
105
89
118
48
343
115
49
3
176
196
164
31
70
44
184
1682
Table 3: Initiation of Corporate Insolvency Resolution Process

Year / Quarter 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 1050 880 51 1981
Apr - Jun, 2020 53 26 5 84
Jul - Sep, 2020 61 31 4 96
Oct - Dec, 2020 58 45 4 107
Jan - Mar, 2021 141 96 9 246
Apr - Jun, 2021 63 55 8 126
Total 2313 1942 285 4540
Note: As on June 30, 2021 4540 CIRPs were initiated. (excluding 1 Financial Service Provider (FSP).
Go to Table of Contents
Table 4: Outcome of CIRPs initiated Stakeholder-wise, as on June 30,

Outcome Description

Status of CIRPs Closure by Appeal/Review/Settled

Closure by Withdrawal u/s 12A

Closure by Approval of Resolution Plan
Closure by Commencement of Liquidation
Ongoing
Total
CIRPs yielding Realisation by FCs as % of Liquidation Value
Resolution Plans Average time taken for Closure of CIRP

CIRPs yielding Liquidation Value as % of Claims

Liquidations
Average time taken for Closure of CIRP
older-wise, as on June 30, 2021
Go to Table of Contents
CIRPs initiated by
Financial Operational Corporate Appropriate Total
Creditor Creditor Debtor Regulator
181 467 5 0 653
129 325 7 0 461
223 127 43 1 394
589 601 159 0 1349
820 793 71 0 1684
1942 2313 285 1 4541
183.82 113.48 140.84 138.40 167.98
487 468 495 552 482
6.78 9.36 10.22 NA 7.53
381 352 332 NA 362
Table 5: Status of CIRPs As on June 30, 2021
Go to Table of Contents
Status of CIRPs No. of CIRPs
Admitted 4541
Closed on Appeal / Review / Settled 653
Closed by Withdrawal under section 12A 461
Closed by Resolution 396
Closed by Liquidation 1349
Ongoing CIRP 1682
> 270 days 1262
> 180 days ≤ 270 days 82
> 90 days ≤ 180 days 218
≤ 90 days 120
Table 6: Closure Of CIRP by Withdrawal till June 30, 2021

Amount of Claims Admitted* (₹ crore)

≤ 01
> 01 ≤ 10
> 10 ≤ 50
> 50 ≤ 100
> 100 ≤ 1000
> 1000
Reason for Withdrawal*

Full settlement with the applicant

Full settlement with other creditors
Agreement to settle in future
Other settlements with creditors
Others
*Data awaited in 3 CIRPs
till June 30, 2021
Go to Table of Contents
No. of CIRPs

230
112
72
18
20
6

179
36
25
100
118
Table 7: CIRPs ending with Orders for Liquidation till June 30, 2021

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

FC OC
Either in BIFR or Non-functional or both 418 472
Resolution Value > Liquidation Value 83 47
Resolution Value ≤ Liquidation Value* 506 555

Note:
1. There were 73 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.
21 Go to Table of Contents
No. of CIRPs initiated by
CD Total
121 1011
27 157
131 1192

solution value higher than liquidation value.

uidation value is zero 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 March 31, 20

1 Delsea Exports Private Limited No 09-03-2020
2 Multiwal Pulp and Board Mills Private Limited No 21-05-2019
3 VBC Industries Limited No 13-04-2018
4 M V Omni Projects (India) Limited No 29-08-2019
5 Technopak Advisors Private Limited No 21-08-2019
6 Mahi Corporation Private Limited Yes 21-08-2019
7 Transstroy Tirupati- Tiruthani- Chennai Tollways Private Limited No 03-06-2019
8 VS Lignite Power Private Limited No 18-09-2019
9 Noble Ispat & Energies Limited Yes 26-08-2019
10 Trans-Fab Power lndia Private Limited No 30-08-2019
11 Amar Remedies Limited No 16-06-2017
12 Techtran Polylenses Limited Yes 22-04-2019
13 GKC Projects Limited No 21-11-2019
Part B: April - June, 2021
1 UIC Udyog Limited No 30-09-2019
2 Splendid Metal Products Limited No 04-04-2019
3 Solven Power Systems Private Limited No 18-02-2020
4 Transafe Services Limited No 21-11-2019
5 Sharan Hospitality Private Limited No 08-05-2019
6 Transparent Energy System Private Limited No 08-03-2019
7 Sanghvi Forging & Engineering Limited No 30-08-2019
8 Lanco Hoskote Highway Limited No 17-10-2019
9 RD Rubber Reclaim Limited No 25-10-2019
10 AEON Manufacturing Private Limited Yes 30-10-2019
11 Lemon Electronics Limited Yes 27-02-2020
12 Konkan Minerals Private Limited Yes 16-08-2017
13 Gupta Infratec Private Limited No 01-02-2018
14 Krish (Raipur) Hotels Private Limited No 30-09-2019
15 Pawan Impex Private Limited No 25-07-2019
16 SVIIT Software Private Limited No 25-07-2019
17 Wow Solution & System Private Limited No 19-12-2019
18 Puma Realtors Private Limited No 17-10-2018
19 Evocon Private Limited No 29-05-2019
20 Dewan Housing Finance Corporation Limited No 03-12-2019
21 Videocon Group* No 06-06-2018
22 Shree Vindhya Cast Coaters Limited Yes 31-05-2019
23 Vivita Limited Yes 19-09-2019
 24 Jet Airways (India) Limited No 20-06-2019
Total (April - June, 2021)
Total (Till June, 2021)
Defunct: Not Going Concern/ Erstwhile BIFR.
*Videocon Group includes 13 CDs.
** Additionally 8% eqity and cash balance available with CD has also been provided under the resolution plan.
 (Amount in ₹ crore)
Date of Approval CIRP Total Admitted Liquidation Realisable Realisable Realisable by
of Resolution initiated by Claims of FCs Value by FCs by FCs as FCs as % of
Plan % of Liquidation
Admitted Value
Claims

r Period (Till March 31, 2020)

18-12-2020 OC 6.24 4.18 3.77 60.45 90.20
04-01-2021 FC 571.13 20.22 24.00 4.20 118.69
07-01-2021 FC 176.32 96.92 57.00 32.33 58.81
28-01-2021 OC 237.38 7.40 34.67 14.61 468.51
08-02-2021 OC 37.08 5.87 18.50 49.89 315.16
01-03-2021 FC 6.04 1.08 1.84 30.46 170.37
05-03-2021 FC 626.98 275.08 215.00 34.29 78.16
16-03-2021 OC 993.45 162.27 170.00 17.11 104.76
19-03-2021 FC 318.74 8.85 47.45 14.89 536.16
25-03-2021 OC 19.14 6.11 10.50 54.86 171.85
25-03-2021 CD 850.92 17.73 29.09 3.42 164.12
26-03-2021 OC 2.89 10.55 2.29 79.24 21.71
30-03-2021 FC 1682.00 85.69 428.69 25.49 500.28
B: April - June, 2021
07-04-2021 FC 466.62 29.48 30.5 6.54 103.46
08-04-2021 FC 3632.07 268.73 437.78 12.05 162.91
08-04-2021 OC 5.4 3.08 5.4 100.00 175.32
09-04-2021 FC 361.09 46.06 47.14 13.05 102.34
15-04-2021 OC 88.31 136.50 79.98 90.57 58.59
4/16/2021 OC 58.23 11.43 13.27 22.79 116.10
4/26/2021 FC 177.98 120.65 75.00 42.14 62.16
26-04-2021 FC 648.28 110.78 196.70 30.34 177.56
11-05-2021 FC 24.45 13.93 7.92 32.39 56.86
11-05-2021 FC 106.70 7.51 9.01 8.44 119.95
13-05-2021 OC 79.92 0.94 19.05 23.84 2026.60
5/19/2021 CD 3.29 1.59 2.81 85.41 176.73
5/19/2021 FC 3327.29 65.21 70 2.10 107.34
19-05-2021 FC 167.75 31.09 29.34 17.49 94.37
31-05-2021 FC 205.55 143.85 130.25 63.37 90.55
31-05-2021 FC 70.96 40.14 35.2 49.61 87.69
5/31/2021 FC 1.52 1.1 1.52 100.00 138.18
01-06-2021 FC 293.44 279.50 293.44 100.00 104.99
04-06-2021 OC 74.12 31.37 71.22 96.09 227.03
6/7/2021 RBI 87082.99 26850.03 37160.97 42.67 138.40
08-06-2021 FC 61770.17 2568.13 2898** 4.69 112.84
6/21/2021 FC 308.06 0.49 0.71 0.23 144.90
21-06-2021 FC 1055.63 4.99 5.19 0.49 104.01
 22-06-2021 FC 7453.63 2555.21 1010.16 13.55 39.53
167463.46 33321.79 42630.56 25.46 127.94
682397.11 146285.24 245679.79 36.00 167.95

an.
Go to Table of Contents
Table 9: Status of Liquidation Processes as on June 30, 2021

Status of Liquidation Number

Initiated 1349*
Final Report submitted# 254
Closed by Dissolution 142
Closed by Going Concern Sale 6
Closed by Compromise / Arrangement 5
Ongoing** 1095
> Two years 343
> One year ≤ Two years 383
> 270 days ≤ 1 year 72
> 180 days ≤ 270 days 80
> 90 days ≤ 180 days 155
≤ 90 days 62

*This excludes 11 cases where liquidation order has been set aside by NCLT / NCLAT / Supreme
Court.
# 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 March 31, 2021)
1 Pooja Tex-Prints Private Limited 11/29/2017 0.18 0.09
Mack Telecom Services Private
2 2/4/2021 2.93 NA
Limited*
3 Delta Automobiles Private Limited 12/3/2018 17.43 0.32
4 SECL Industries Private Limited 7/24/2018 182.76 15.32
Max-Tech Oil & Gas Services Private
5 6/12/2018 254.71 3.32
Limited
Part B: April - June, 2021
1 Orbis Infinium Private Limited 8/7/2020 0.04 0
Bhoomi Ginning Pressing Private
2 12/9/2019 20.11 2.5
Limited
3 Taksheel Solutions Limited 10/31/2019 125.3 0.56
4 Global Proserv Limited 8/29/2018 25.49 2.98
Steel Konnect (India) Private
5 1/28/2020 310.63 37.74
Limited**
6 Business Jets India Private Limited 10/12/2018 254.65 1.22
7 S R Breweries Private Limited 7/16/2019 39 0.26
8 Shubham Industries Limited 1/10/2020 NC NA
Evershine Advisory Services Private
9 1/30/2020 161.77 0
Limited
10 Chandra Royal Inn Private Limited 6/27/2019 9.02 4.73
Total (April - June, 2021) 946.01 49.99
Total (Till June, 2021) 18917.31 719.58
* Direct Dissolution; Claims pertain to CIRP period
NA means Not realisable/ saleable or No asset left for liquidation or Not applicable
‘0’ means an amount below two decimals
^ Secured creditors decided not to relinquish the security interest
@@ includes the security deposit refund received by CD from BSE Li
** Compromise or arrangement under section 230 of the Companies Ac
NC means no claims received during CIRP/liquidation process
 Go to Table of Contents
(Amount in ₹ crore)
Sale Proceeds Amount Date of Order of
Distributed to Dissolution
Stakeholders
March 31, 2021)
0.08 0.04 10/6/2020

NA NA 2/4/2021

0.06 0 3/23/2021
18.51^ 18.51^ 3/26/2021

3.34 1.88 3/31/2021

e, 2021
0 0 4/5/2021

3.63 3.43 4/8/2021

1.31@@ 1.11 4/26/2021

2.98 2.54 4/29/2021

38.5 38.24 5/3/2021

1.22 1.03 5/3/2021

0.26^ 0.19^ 6/9/2021
NA NA 6/9/2021

0.06 NA 6/14/2021

3.63 3.44 6/30/2021

51.59 49.98 NA
706.96 672.1 NA
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
 Go to Table of Contents
Number of Liquidations
Where Final Reports Ongoing
Submitted
123 663
125 386
6 40
0 6
254 1095
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
254 Liquidations where Final Report Submitted
52 27 916.89 150.41 156.63 155.58
53 (1) (a) NA NA 56.55
53 (1) (b) 1463 27429.44 911.11
53 (1) (c) 822 13.34 1.83
53 (1) (d) 285 1369.77 29.15
1044.65 1050.50#
53 (1) (e) 198 2231.82 11.87
53 (1) (f) 943 1687.25 34.58
53 (1) (g) 4 11.54 0.10
53 (1) (h) 98 26.95 1.51
Total (A) 3840 33687 1195.06 1207.13# 1202.28
Ongoing 940 Liquidations*
53 (1) (a)
53 (1) (b) 37151 490101.58
53 (1) (c) 29102 1293.29
53 (1) (d) 9561 105312.58
53 (1) (e) 1006 27036.87 33947.71 **
Not Applicable Not Applicable
53 (1) (f) 1978766 32212.87
53 (1) (g) 4 103.02
53 (1) (h) 106083 2721.57
Total (B) 2161673 658781.78
Grand Total (A+B) 2165513 692468.78 35142.77
# Inclusive of unclaimed proceeds of ₹ 4.85 crore under liquidation.
*Data for other liquidations are not available.
**Out of 1095 ongoing cases, liquidation value of only 1025 CDs is available. Liquidation value of 691 CDs
taken during liquidation process is ₹33947.71 crore and liquidation value of rest of the 334 CDs captured during
CIRP is ₹ 12659.97 crore.
Go to Table of Contents
Table 13. Avoidance Transactions in Corporate Insolvencies

Year of Application filed during CIRP period in case of CIRPs closed by

Filing / Application filed during
Disposal Liquidation period in case
Approval of Resolution Orders for Liquidation Otherwise
of Liquidations
Plans
No. Amount No. Amount No. Amount No. Amount
(₹ in Crore) (₹ in Crore) (₹ in Crore) (₹ in Crore)
Applications Filed
2017 - 18 11 11936.8 12 5651.78 0 0 0 0
2018 - 19 47 17039.1 84 34408.6 10 1520.17 18 22395.73
2019 - 20 46 11032.18 64 14836.15 6 303.3 18 5896.76
2020 - 21 9 269.23 30 2213.65 7 1207.42 10 1198.72
Apr - Jun, 2021 0 0 0 0 0 0 0 0
Total 113 40277.31 190 57110.18 23 3030.89 46 29491.21
 Go to Table of Contents

Application filed during

CIRP period in case of
ongoing CIRPs

No. Amount
(₹ in Crore)

1 128.59
22 9409.61
52 8147.69
78 8917.42
1 60.13
154 26663.43
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 and Energy 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
 Go to Table of Contents
(Amount in ₹ crore)
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 - 20 302 272 1 129
Apr - Jun, 2020 444 10 0 24
Jul - Sep, 2020 430 59 1 50
Oct - Dec, 2020 438 63 0 55
Jan - Mar, 2021 446 117 1 44
Apr - Jun, 2021 518 31 0 28
Total NA 968 9 438

*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.
 Go to Table of Contents
(Number)
Liquidations at
the end of
period
173
302
444
430
438
446
518
521
521

dated September 28, 2018

ater Transport Corporation
Table 16: Status of Voluntary Liquidations as on June 30, 2021

Status No. of Liquidations

Initiated 968
Closed by withdrawal 9
Final Report Submitted 438
Closed by Dissolution 241
Ongoing 521
> Two years 159
> One year ≤ Two years 120
> 270 days ≤ 1 year 42
> 180 days ≤ 270 days 57
> 90 days ≤ 180 days 112
≤ 90 days 31
Go to Table of Contents
Table 17: Reasons For Voluntary Liquidations

Sl. No. Reason for Voluntary Liquidation

1 Not carrying business operations

2 Commercially unviable
3 Promoters unable to manage affairs
4 Purpose for which company was formed accomplished / Contract Termination
5 Miscellaneous
Total
 Go to Table of Contents
No. of Corporate
Persons
603
125
20
26
86
860
Table 18: Details of 959 Voluntary Liquidations (Excluding Nine Withdrawals)

Details of No. of Paid-up capital Assets

Liquidations
Liquidations for which Final Reports submitted 438 1627* 3708
Ongoing Liquidations 521 4453# 2091
Total 959 6080 5799
* 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 418 and 409 cases, respectively, are available.
 Go to Table of Contents
(Amount in ₹ crore)
Outstanding Amount paid to Surplus
debt creditors
26 26 3386
**
**
here 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 December 31, 2020)
1 LVS Marketing (India) Private Limited 8/21/2017 7/2/2020
2 Shashi Kaizen Industries Private Limited 9/24/2019 3/19/2021
3 Aviskar Meditech Private Limited 3/29/2019 3/24/2021
4 Voortman Steel Machinery India Private Limited 11/23/2018 3/30/2021
Part B: January - March, 2021
1 Friction Fibre Technologies India Private Limited 9/30/2019 4/13/2021
2 Swayam Sales Agencies Private Limited 10/18/2019 4/13/2021
3 Lipika Collection Private Limited 12/31/2018 4/13/2021
4 Inmarco-Trem Seals Private Limited 3/11/2019 4/16/2021
5 Bakreswar Ispat Private Limited 10/9/2019 4/22/2021
6 PSI Incontrol Private Limited 1/23/2020 4/26/2021
7 Connate Insurance Surveyors and Loss Assessors Private Limi 9/10/2018 4/26/2021
8 Inuva Info Management Private Limited 8/9/2018 5/3/2021
9 Jurong Engineering (India) Private Limited 6/11/2019 5/3/2021
10 Emori (India) Trading Private Limited 1/21/2019 5/5/2021
11 Paul Hartmann Medical Private Limited 5/25/2019 6/10/2021
Total (April - June, 2021)
Total (Till June, 2021)
 (Amount in ₹ crore)
Realisation of Amount due to Amount paid to Liquidation Surplus Go to Table of Contents
Assets Creditors Creditors Expenses
cember 31, 2020)
0.9 0.47 0.47 0.41 0.02
0.93 - - 0.03 0.9
0.24 - - 0.03 0.21
0.25 - - 0.13 0.12
rch, 2021
0.55 - - 0.11 0.44
0.01 - - 0.01 -
0.2 - - 0.02 0.18
0.28 - - 0.05 0.23
0.04 - - 0.02 0.02
0.1 0.01 0.01 0.08 -
0.21 - - 0.03 0.19
0.18 0.03 0.03 0.05 0.09
1.42 0.12 0.12 0.03 1.27
0.4 - - 0.4 -
0.04 - - 0.04 -
3.43 0.16 0.16 0.84 2.42
2875.52 10.52 10.52 30.72 2834.25
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 241 413
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
4 237 324

5 From LCD to order for dissolution under Liquidation 71 284

6 From LCD to order for dissolution under Voluntary Liquidation 141 453
March, 2020 April, 20 to March, 21 As on June, 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 36 706 593
NA 1287 352 NA 62 580 NA
Liquidations
NA 246 414 NA 8 547 NA

NA 410 387 NA 28 456 NA

NA 143 401 NA 10 608 NA

NA 230 516 NA 11 723 NA
Go to Table of Contents
Table 21: Corporate Liquidation Accounts As On June 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
Corporate Voluntary Liquidation Account
2019 - 20 0 109.7 0 109.7
2020 - 21 109.7 112.06 0 221.76
Apr - Jun, 2021 221.76 3.05 0 224.81
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 50.28 44.50 13 3252.99 4,452.08 16
2020 - 21 13 1301.78 596.47 115 25823.29 20404.15 128
Apr - Jun, 21 1 496.00 150.13 56 6937.43 8437.38 57
Total 17 1848.06 791.10 184 36013.71 33293.61 201
Note: NA - Not Available.
Default data not available in 5 cases and Guarantee data not available in 11 cases.
 Go to Table of Contents
(Amount in ₹ crore)
Total Adjudicating
Authority

Debt Guarantee NCLT DRT

Amount Amount
3303.27 4496.58 15 1
27125.07 21000.62 122 6
7433.43 8587.51 57 0
37861.77 34084.71 194 7
Table 23: Registered IPs and AFAs as on June 30, 2021
(Num
City / Region Registered IPs IPs having Authorisation for Assignment
IIIPI ICSI IIP IPA ICAI Total IIIPI ICSI IIP
New Delhi 415 262 78 755 258 186
Rest of Northern Region 430 189 63 682 281 133
Mumbai 386 142 34 562 226 92
Rest of Western Region 291 111 38 440 197 74
Chennai 131 84 12 227 78 54
Rest of Southern Region 377 203 64 644 227 133
Kolkata 206 36 21 263 136 22
Rest of Eastern Region 64 25 8 97 38 17

Total Registered 2300 1052 318 3670 1441 711

 Go to Table of Contents
(Number)
having Authorisation for Assignment
IPA of ICMAI Total
53 497
37 451
25 343
25 296
7 139
53 413
15 173
6 61

221 2373
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 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
Total NA 3689 4 2 13
# Registrations with validity of six months. These registrations expired by June 30, 2017.
 Go to Table of Contents
(Number)
Registered at
the end of the
period

977
96
1812
2456
3004
3504
3670
3670
Table 25: Distribution of IPs as per their eligibility as on June 30, 2021
Go to Table of Contents
Eligibility No. of IPs
Male Female Total
Member of ICAI 1845 167 2012
Member of ICSI 534 108 642
Member of ICMAI 170 16 186
Member of Bar Council 208 25 233
Managerial Experience 575 22 597
Total 3332 338 3670
Table 26: Age profile of IPs as on June 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
≤ 40 261 65 7 333 171 49 4
> 40 ≤ 50 809 369 51 1229 534 255 34
> 50 ≤ 60 722 290 80 1092 454 207 51
> 60 ≤ 70 468 297 168 933 282 200 132
> 70 ≤ 80 37 27 9 73 NA NA NA
> 80 ≤ 90 2 4 3 9 NA NA NA
> 90 1 0 0 1 NA NA NA
Total 2300 1052 318 3670 1441 711 221
 Go to Table of Contents
(Number)
ing AFA
Total
224
823
712
614
NA
NA
NA
2373
Table 27: Zone-wise Number of IPs in the Panel

Zone Areas Covered No. of IPs

1 2 3
New Delhi Union Territory of Delhi 90
Ahmedabad State of Gujarat
Union Territory of Dadra and Nagar
Haveli 39

Union Territory of Daman and Diu

Allahabad State of Uttar Pradesh
35
State of Uttarakhand
Amravati State of Andhra Pradesh 4
Bengaluru State of Karnataka 21
Chandigarh State of Himachal Pradesh
State of Punjab
State of Haryana
Union Territory of Chandigarh 56
Union Territory of Jammu and
Kashmir
Union Territory of Ladakh
Cuttack State of Chhattisgarh
10
State of Odisha
Chennai State of Tamil Nadu
39
Union Territory of Puducherry
Guwahati State of Arunachal Pradesh
State of Assam
State of Manipur
State of Mizoram
1
State of Meghalaya
State of Nagaland
State of Sikkim
State of Tripura
Hyderabad State of Telangana 36
Indore State of Madhya Pradesh 7
Jaipur State of Rajasthan 17
Kochi State of Kerala
15
Union Territory of Lakshadweep
Kolkata State of Bihar
State of Jharkhand
State of West Bengal 41
Union Territory of Andaman and
Nicobar Islands
Mumbai State of Goa
72
State of Maharashtra
Total 483
Go to Table of Contents
Table 28: Replacement of IRP with RP as on June 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 112 264
OC 568 1656
FC 351 1709
Total 1031 3629
Table 29: IPEs as on June 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
Total 127 43 84
Table 30A: 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 - 07 100
2019 - 20 11 30 9 157
Jan - Mar, 2021 14 193 66 102
Apr - Jun, 2021 8 23 7 10
Total 49 246 89 369
 Go to Table of Contents

Disciplinary Complaints
Orders Issued forwarded by
IBBI disposed

04 11
9 127
42 102
4 0
59 240
Table 30B: CPE hours earned by the IPs

Period Number of CPE Hours earned by members of

IIIPI ICSI IIP IPA ICAI Total
Jan - Mar, 2020 1160 695 320 2175
Apr - Jun, 2020 18465 8746 4402 31613
Jul - Sep, 2020 5510 2100 646 8256
Total 25135 11541 5368 42044
Average CPE hours per registered IP 10.9 11.0 16.9 11.5
Go to Table of Contents
Table 31: 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
Jun, 2020 269 NA 456 574 7464854 8336 10721829 204568
Sep, 2020 276 NA 548 635 8228576 8979 12126772 206957
Dec, 2020 284 NA 587 654 8572919 9024 13666166 253955
Mar, 2021 289 NA 621 675 8988348 9066 14565545 292206
Jun, 2021 293 NA 664 703 9503546 9358 15606182 292544
NA: Not Available
 Go to Table of Contents
(Number, except as stated)
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
9855538 33151 106840 149533 299294 338585
12299081 34374 120896 186091 373678 427226
12875496 35803 129839 215015 451935 435774
13195075 36770 139980 283839 499957 442584
13739606 40086 153103 346752 486540 447972
Table 32A: Registered Valuers as on June 30, 2021
(Number)
Registered Valuer Organisation Asset Class
Land & Building Plant & Securities or
Machiner Financial Assets
y
RVO Estate Managers and Appraisers Foundation 58 12 14
IOV Registered Valuers Foundation 1289 207 148
ICSI Registered Valuers Organisation 0 0 183
IIV India registered Valuers Foundation 147 42 49
ICMAI Registered Valuers Organisation 26 17 249
ICAI Registered Valuers Organisation NA NA 817
PVAI Valuation Professional Organisation 294 50 94
CVSRTA Registered Valuers Association 189 57 NA
Association of Certified Valuators and Analysts NA NA 2
CEV Integral Appraisers Foundation 89 30 3
Divya Jyoti Foundation 34 14 30
Nandadeep Valuers Foundation 0 0 1
All India Institute of Valuers Foundation 4 3 11
International Business Valuers Association 1 0 7
All India Valuers Association 1 0 0
Assessors and Registered Valuers Foundation 0 0 0
Total 2132 432 1608
Note: NA signifies the RVO is not recognised for that asset class
 Go to Table of Contents
(Number)
Total

84
1644
183
238
292
817
438
246
2
122
78
1
18
8
1
0
4172
Table 32B: Registered Valuers (Entities) as on June 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 16 13
ICSI Registered Valuers Organisation 1 0
IIV India registered Valuers Foundation 1 1
ICMAI Registered Valuers Organisation 7 4
ICAI Registered Valuers Organisation 9 NA
PVAI Valuation Professional Organisation 2 2
All India Institute of Valuers Foundation 1 1
CEV Integral Appraisers Foundation 1 1
Divya Jyoti Foundation 2 1
Total 43 26
Note: NA signifies the RVO is not recognised for that asset class
 Go to Table of Contents
(Number)
Registration in the Asset Class
Plant & Machinery Securities or
Financial Assets
2 2
10 13
0 1
1 1
5 7
NA 9
2 2
1 1
1 0
1 2
23 38
Table 33: Registration of RVs till June 30, 2021
Go to Table of Contents
(Number)
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
Apr - Jun, 2020 409 82 446 937
Apr - Jun, 2021 95 25 86 206
Total 2133 432 1608 4173
Table 34: Region Wise Registered Valuers as on June 30, 2021
Go to Table of Contents
(Number)
City / Region Land & Plant & Securities or Total
Building Machinery Financial
Assets
New Delhi 74 34 192 300
Rest of Northern Region 333 65 267 665
Mumbai 108 49 256 413
Rest of Western Region 593 117 263 973
Chennai 110 36 125 271
Rest of Southern Region 861 110 380 1351
Kolkata 23 14 97 134
Rest of Eastern Region 30 7 28 65
Total 2132 432 1608 4172
Table 35: Age profile of RVs as on June 30, 2021
(Number)
Age Group (in Land & Building Plant & Securities or Financial Total
years) Machinery Assets
≤ 30 127 6 102 235
> 30 ≤ 40 325 60 637 1022
> 40 ≤ 50 510 94 481 1085
> 50 ≤ 60 881 134 264 1279
> 60 ≤ 70 251 91 120 462
> 70 ≤ 80 36 45 4 85
> 80 2 2 0 4
Total 2132 432 1608 4172
Go to Table of Contents