India Resolving Insolvency - India

This topic identifies weaknesses in existing bankruptcy law and the main procedural and administrative bottlenecks in the bankruptcy process.

The information appearing on this page was collected as part of the Doing Business subnational project in India, which measures and compares regulations relevant to the life cycle of a small to medium-sized domestic business in cities and regions.

The average time to close a business. Information is collected on the sequence of procedures and on whether any procedures can be carried out simultaneously.

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Time (years)

The average cost of bankruptcy proceedings. The cost of the proceedings is recorded as a percentage of the estate’s value.

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Cost (% of estate)

The recovery rate calculates how many cents on the dollar claimants (creditors, tax authorities, and employees) recover from an insolvent firm.

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Recovery rate (cents on the dollar)
Ahmedabad6.81015.0
Bengaluru7.31014.1
Bhubaneshwar7.5714.9
Chennai7.51013.8
Gurgaon7.01014.6
Guwahati8.3713.5
Hyderabad7.0715.9
Indore8.0714.0
Jaipur9.1712.2
Kochi7.51013.8
Kolkata10.8109.1
Ludhiana7.3715.3
Mumbai7.0915.1
New Delhi7.01014.6
Noida8.71011.9
Patna9.3711.9
Ranchi8.5713.2

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