STATS / insolvency

Insolvency filing statistics

By Gunpowder Editorial ·Data through

Gunpowder Alerts has analyzed 1,447 insolvency filings since February 2026 — 37% scored neutral, 18% positive, and the median materiality score is 8 out of 10.

Insolvency disclosures track companies through India’s bankruptcy process: petitions before the NCLT, admissions into the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, moratoriums, resolution plans, and liquidation orders. For shareholders these are often the most material filings a company ever makes.

The numbers below cover the insolvency-related disclosures Gunpowder has analyzed, scored for sentiment and materiality at analysis time. They describe our analyzed corpus, not every case on the NCLT’s docket.

New to this form? Read What is the NCLT? — or see how Gunpowder scores filings.

1,447

insolvency filings analyzed

8/10

median materiality

74%

high materiality (8+)

18%

scored positive

Monthly filing volume

insolvency filings analyzed by Gunpowder per calendar month, by filing date.

Month Filings Relative volume
Feb 2026 21
Mar 2026 398
Apr 2026 297
May 2026 331
Jun 2026 338
Jul 2026 62

Sentiment distribution

Pipeline-assigned sentiment at analysis time across 1,445 scored filings.

Positive 257 (18%)
Neutral 532 (37%)
Mixed 91 (6%)
Negative 565 (39%)

Materiality score distribution

Scores run 0 (routine) to 10 (highly material); 1,447 filings scored. Median 8, 74% at 8 or above. Definitions in the methodology.

0 0
1 0
2 18
3 58
4 30
5 88
6 133
7 51
8 379
9 488
10 202

Most frequent filers

Companies with the most insolvency filings in the analyzed corpus.

Company Ticker Filings
Radhagobind Commercial Limited BSE 26
Quadrant Televentures Limited BSE 25
Reliance Home Finance Limited NSE 24
Ansal Properties & Infrastructure Limited NSE 23
Baron Infotech Ltd BSE 23
Future Consumer Ltd BSE 23
SKIL Infrastructure Ltd BSE 23
KALLAM TEXTILES LTD BSE 22
Impex Ferro Tech Limited NSE 21
BKM Industries Ltd BSE 20

What this page counts

Exchange filing categories rolled into these statistics.

Insolvency 1,447

Recent insolvency coverage

An NCLT admission can halve a stock before most investors hear about it. Gunpowder flags insolvency filings the moment they are disclosed and scores how material each development is.

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