Page 15 - IBBI-JUNE-SEPTEMBER 2022

Table 4: Claims in Liquidation Process
Stakeholders Number of Amount (in ` crore)
under Section Claimants
Admitted Liquidation Sale Distributed to
Claims Value Proceeds# Stakeholders
429 Liquidations where Final Report Submitted
52 53 2074.30 290.48 345.11 334.28
53 (1) (a) NA NA 175.22
53 (1) (b) 2705 69993.64 2630.86
53 (1) (c) 2823 83.05 9.07
53 (1) (d) 512 3775.17 45.84
3284.13 2961.13#
53 (1) (e) 385 3816.78 20.78
53 (1) (f) 4859 4240.92 82.38
53 (1) (g) 0 0 0
53 (1) (h) 142 40.88 2.83
Total (A) 11479 84024.74 3574.61 3306.24# 3301.26
Ongoing 1224 Liquidations*
53 (1) (a) NA NA
53 (1) (b) 42851 639391.43
53 (1) (c) 33360 1335.42
53 (1) (d) 13070 136421.53
53 (1) (e) 2867 35993.85 40190.36 **
Not Not
53 (1) (f) 1979810 96234.19
Applicable Applicable
53 (1) (g) 68 880.64
53 (1) (h) 106069 3487.62
Total (B) 2178095 913744.68
Grand Total 2189574 997769.42 43764.97
(A+B)
# Inclusive of unclaimed proceeds of ` 4.98 crore under liquidation. Large Cases (Admitted Claims > ` 1,000 crore)
*Data for other liquidations are not available. Of the 553 CDs rescued under the Code, 97 had admitted claims of more
**Out of 1378 ongoing cases, liquidation value of only 1325 CDs is available. than ` 1,000 crore. Till June, 2022, 91 such CDs have yielded resolution plans
Liquidation value of 867 CDs taken during liquidation process is ` 40,190.36 crore and liquidation with realisable value of ` 2.17 lakh crore i.e., 184.81% of the liquidation
value of rest of the 458 CDs captured during CIRP is ` 9,767.36 crore. value. During July - September, 2022, 6 such CDs have yielded resolution
plans. The realisable value of the assets available with these 97 CDs, when
Timeline of Ongoing CIRPs they entered the CIRP, was only ` 1.22 lakh crore, though they owed
` 7.17 lakh crore to the creditors. Till September 30, 2022, realisation by
The status of ongoing CIRPs as of September, 2022 in terms of time taken is
presented in Figure 14. the claimants under resolution plans in comparison to liquidation value is
184.46%, while the realisation by them in comparison to their claims is
31.33%. These realisations are exclusive of realisations that would arise
Twelve Large Accounts from value of equity holdings post-resolution, resolution of PGs to CDs, and
Resolution of 12 large accounts were initiated by banks, as directed by the from disposal of applications for avoidance transactions.
RBI. They had an aggregate outstanding claim of ` 3.45 lakh crore as against Of 1807 CDs, ending up with orders for liquidation, 160 had admitted claims
liquidation value of ` 73,220 crore. Of these, resolution plan in respect of of more than ` 1,000 crore. Till June, 2022, 151 such CDs have ended with
eight CDs were approved and orders for liquidations were issued in respect orders of liquidation. During July - September, 2022, nine more CDs has
of two CDs. Thus, CIRPs in respect of two CDs and liquidation in respect of ended with order for liquidation. These CDs had an aggregate claim of `6.70
two CDs are ongoing and are at different stages of the process. The status lakh crore. However, they had assets, on the ground, valued only at ` 0.40
of the 12 large accounts is presented in Figure 15. lakh crore.

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11/15/2022 12:24:49 PM
IBBI newsletter.indd 15
IBBI newsletter.indd 15 11/15/2022 12:24:49 PM