76% of companies shut in Maharashtra were defunct, state No.1 in active firms, says CM Devendra Fadnavis
Maharashtra leads India with 3.96 lakh active firms as Fadnavis counters claims on 36,211 dissolved companies. Data shows 76% were defunct, 12% merged, and 2% dissolved under IBC 2016. Covid impact minimal, annual closures average 20,000-22,000.