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324 companies filed for bankruptcy between 2018 to 2020: Anurag Thakur

The Minister in a written reply in the Rajya Sabha said as per data provided by the National Company Law Tribunal (NCLT), 149 companies filed for bankruptcy in the year 2018, 103 in the year 2019 and 72 in the year 2020, taking the total to 324 companies.

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New Delhi: Union Minister of State for Finance & Corporate Affairs Anurag Singh Thakur on Tuesday said a total of 324 companies filed for bankruptcy between 2018 to 2020.

The Minister in a written reply in the Rajya Sabha said as per data provided by the National Company Law Tribunal (NCLT), 149 companies filed for bankruptcy in the year 2018, 103 in the year 2019 and 72 in the year 2020, taking the total to 324 companies.

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According to data provided by the NCLT, 8,330 applications in the year 2018, 12,091 in the year 2019 and 5,282 in the year 2020 were filed under the IBC. Therefore, it appears that number of applications have not increased over the last three , he said.

As per the Companies Act 2013, companies are required to hold Annual General Meeting (AGM) within six months from the end of financial year. Therefore, financial statements and board report containing disclosure about CSR, are to be filed in MCA21data base within 30 days of the AGM. Thus, for the current financial year no filing has been made by CSR mandated companies.

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