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.
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.
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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 ÌÇÐÄÆƽâ°æ. Retrieved July 31, 2026, from /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. ÌÇÐÄÆƽâ°æ. Accessed July 31, 2026. /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. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 31, 2026. /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." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 5 Apr 2021, /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 ÌÇÐÄÆƽâ°æ, /statistics/1116847/number-business-insolvencies-cirp-india-industry/ (last visited July 31, 2026)
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: /statistics/1116847/number-business-insolvencies-cirp-india-industry/
