As of December 31, 2020, the majority of businesses in India entering a Corporate Insolvency Resolution Process (CIRP) came from the manufacturing sector. A CIRP is the mechanism by which creditors can attempt to recover funds they are owed by an insolvent company. Hotels and restaurants accounted for the lowest number of CIRPs during the same time period.
Total number of businesses entering into a Corporate Insolvency Resolution Process (CIRP) in India as of December 31, 2020, by industry
Corporate Insolvency Resolution Process (CIRP) is a recovery mechanism for creditors, and can be initiated by either creditors or the insolvent company.
Values include CIRPs that were both closed and ongoing during the period.
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Website (ibbi.gov.in). (April 5, 2021). Total number of businesses entering into a Corporate Insolvency Resolution Process (CIRP) in India as of December 31, 2020, by industry [Graph]. In Statista. Retrieved October 10, 2024, from https://www.statista.com/statistics/1116847/number-business-insolvencies-cirp-india-industry/
Website (ibbi.gov.in). "Total number of businesses entering into a Corporate Insolvency Resolution Process (CIRP) in India as of December 31, 2020, by industry." Chart. April 5, 2021. Statista. Accessed October 10, 2024. https://www.statista.com/statistics/1116847/number-business-insolvencies-cirp-india-industry/
Website (ibbi.gov.in). (2021). Total number of businesses entering into a Corporate Insolvency Resolution Process (CIRP) in India as of December 31, 2020, by industry. Statista. Statista Inc.. Accessed: October 10, 2024. https://www.statista.com/statistics/1116847/number-business-insolvencies-cirp-india-industry/
Website (ibbi.gov.in). "Total Number of Businesses Entering into a Corporate Insolvency Resolution Process (Cirp) in India as of December 31, 2020, by Industry." Statista, Statista Inc., 5 Apr 2021, https://www.statista.com/statistics/1116847/number-business-insolvencies-cirp-india-industry/
Website (ibbi.gov.in), Total number of businesses entering into a Corporate Insolvency Resolution Process (CIRP) in India as of December 31, 2020, by industry Statista, https://www.statista.com/statistics/1116847/number-business-insolvencies-cirp-india-industry/ (last visited October 10, 2024)
Total number of businesses entering into a Corporate Insolvency Resolution Process (CIRP) in India as of December 31, 2020, by industry [Graph], Website (ibbi.gov.in), April 5, 2021. [Online]. Available: https://www.statista.com/statistics/1116847/number-business-insolvencies-cirp-india-industry/
