How much do creditors recover in an Indian insolvency?

Across the resolution plans on this record where both figures are held, plan value came to 27.7% of admitted claims in aggregate, and the median case carried a haircut of 77.4% — about 23 paise in the rupee. That is the record across concluded cases, not a forecast for any particular claim: recovery depends on the outcome of the case and on where the creditor ranks.

Do all insolvency cases end in a resolution plan?

No. Of the concluded cases on this record, 1,533 ended in an approved resolution plan, 3,179 in a liquidation order and 1,834 were withdrawn. Liquidation is the most common single outcome.

How long does a CIRP take?

The median concluded case on this record ran 1 yr 8 mo from insolvency commencement to the order that ended it. The Code sets an outer limit of 330 days including litigation; most concluded cases have run past it.

Does filing a claim guarantee payment?

No. Filing a claim on the official form before the last date puts the debt into the process and is the step that preserves the position; it does not by itself establish that the claim will be admitted as filed, or what it will be paid.

Creditor’s guide

Owed money by a company in insolvency?

What the record says happens to your claim — how cases end, what they pay, where you rank and how long it takes.

Banks and lenders
Suppliers and contractors
Employees and workmen
Homebuyers

File your claim →Check a borrower

How 6,546 concluded cases ended

23%plan approved

49%liquidation

28%withdrawn

23 paisemedian paid per ₹1 of admitted claims when a plan is approved (a 77.4% haircut)

1 yr 8 momedian wait from commencement to the order approving the plan

Medians across the whole concluded record · no case identified · methodology · report an error

1 · How it ends

A plan is not the usual ending

Liquidation is the most common outcome — and it pays very differently from a plan.

Liquidationpays from what the estate sells for3,179

Withdrawnsettled before an outcome1,834

Plan approvedpays what the plan says1,533

A further 2,491 companies are still in CIRP and not counted.

2 · What a plan pays

Most plans pay under 30 paise per ₹1

Haircut on admitted claims, across 1,389 approved plans.

Under 30 paisehaircut 70% and above848 61%

30–60 paisehaircut 40% to 70%303 22%

Over 60 paisehaircut under 40%209 15%

Over ₹1plan value exceeded claims29 2%

Admitted claims = what the resolution professional accepted, often less than what was filed.

27.7%of admitted claims, added up across every plan that carries both figures

994of 1,344 plans paid at least the liquidation value

164.0%of liquidation value, plans in aggregate — the floor that actually protects creditors

The middle half of plans fell between a 53% and a 91% haircut — a median is not a forecast for your claim.

3 · Where you rank

The liquidation queue, section 53

Each rank is paid in full before the next gets anything. A plan must give dissenting financial and operational creditors at least this.

1Insolvency and liquidation costs, in full
2Workmen (24 months) · secured creditors who give up their security
3Other employees (12 months)
4Unsecured financial creditors
5Government dues (2 years) · secured creditors who enforce on their own, for the unpaid rest
6All remaining debts — suppliers and contractors sit here
7Preference shareholders
8Equity shareholders or partners

Supplier or contractor? You rank 6th — below unsecured lenders.

Secured lender? Give up your security and rank 2nd; enforce it yourself and the unpaid rest drops to 5th.

The shape of section 53(1), not its full text — take advice on how your own debt is classified.

4 · How long it takes

Plan for years, not the 330-day limit

Only 180 of 1,531 concluded cases (12%) finished inside the legal limit.

Legal limit330 days, litigation included

Median1 yr 8 mo to an approved plan

61companies had a plan approved and now sit in liquidation — an approval is an intention, not a payment

What is in your hands

Four things to do, in this order

File nowOn the official form, inside the window — open windows

Check what was admittedThe admitted figure is what earns your share

Know your classIt sets your form, your vote and your rank

Follow the ordersLatest orders · your borrower

Questions

Asked most

Can anyone tell me what I will recover?

No. It depends on how the case ends, what the plan or the estate is worth, where your class ranks and the amount finally admitted. Every figure here looks backwards across concluded cases; a firm number for a live case is a guess.

My claim was admitted for less than I filed. What now?

Ask the resolution professional what was accepted and what was not, and supply what is missing. Beyond that, the adjudicating authority decides. This usually happens early, before any plan is voted on.

Is it worth filing for a small amount?

Yes. Filing costs nothing beyond your proof — no fee to the professional or to IBBI — and a claim that is not filed is not in the process at all.

The company was admitted years ago and I have heard nothing.

Long silences are normal. Search the company here and read its captured orders. If you never filed, the late-claim position is set by regulation 12 — see the claims page.

Does an approved plan mean I have been paid?

No. Approval says what the plan will do; the money reaching creditors comes later, under separate orders — which is why this site reports plan value with its basis named, not as “realised”.

Your borrower’s whole record, in one place

Admission, the professional, the claim window, every captured order and the outcome — search by name or CIN, free.

Check a borrower →

General information from the public record, not legal or financial advice · methodology · glossary