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.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Statista Accounts:
Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.
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 May 24, 2022, 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 May 24, 2022. 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: May 24, 2022. 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 May 24, 2022)
