New Delhi, Dec 20 (KNN) Over 2,750 cases have been disposed by the government through proceedings and over 1,988 cases are pending under the Insolvency and Bankruptcy Code (IBC), the data from Ministry of Corporate Affairs reveals.

P.P. Chaudhary, Minister of State for Law & Justice / Corporate Affairs in written reply to a question in Rajya Sabha informed that following the notification of relevant provisions of the Insolvency and Bankruptcy Code 2016 on 01.12.2016,  over 2,434 fresh cases have been filed before NCLT.

He further informed that 2,304 cases of winding up of companies have been transferred from various High Courts.

Dissecting the data further, he said that out of these, a total number of 2,750 cases have been disposed of and 1,988 cases were pending as on 30.11.2017.

Citing data with regard to the amount, the Minister informed that as on 30.11.2017, an amount of Rs. 39.63 crore had been realized after filing of cases with NCLT, and an amount of Rs. 2.89 crore had been borne by the banks as haircut, based on the data obtained from banks. (With PIB Inputs) (KNN/DA)