New Delhi: In all 324 companies filed for bankruptcy between 2018 to 2020, as per data provided by the National Company Law Tribunal (NCLT). In a written statement in the Rajya Sabha in response to a question in this regard, Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, said 149 companies filed for bankruptcy in the year 2018, 103 in the year 2019, and 72 in the year 2020.
Offering more details, the Minister stated, data provided by the NCLT showed 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 years,” 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.
– global bihari bureau
