Insolvency board denies right to information request for consolidated recovery and haircut figures

The Insolvency and Bankruptcy Board of India rejected a right to information appeal that sought consolidated personal insolvency recovery and haircut data. The regulatory body held that transparency laws do not mandate the creation or compilation of fresh statistical reports that are not already maintained in the specified format. Public authorities are generally required to provide access to existing material rather than analyze or compile data to answer queries.

This principle prevents excessive administrative burdens on regulatory agencies while ensuring basic transparency through published records. Legal professionals and insolvency practitioners should rely on individual case disclosures available on official portals rather than expecting consolidated data reports from regulators. Monitor future tribunal circulars regarding reporting standards and mandatory disclosures in personal insolvency cases.

Bottom line: advisors must gather data case-by-case rather than relying on aggregated regulatory datasets for recovery analysis.