Number of CIRPs in India 2020, by industry

Published by
Manya Rathore,
Dec 22, 2022
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

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Release date

April 2021

Region

India

Survey time period

as of December 31, 2020

Supplementary notes

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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