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IEA chief executive John Whelan said 74 exporting companies were declared insolvent last month.
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A government lawyer said home-buyers risked losing millions of rupees if Unitech was declared insolvent.
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An average of 10 companies per day were declared insolvent in April, new data has shown.
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The SIV was declared insolvent on Feb. 15.
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The data shows 205 companies were declared insolvent last month with either a liquidator or receiver appointed.
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The club has since been declared insolvent.
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InsolvencyJournal.ie said three businesses were declared insolvent every day in January, compared to five a day in December.
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Quinn had tried to be declared insolvent in British-controlled Northern Ireland, which has a less onerous bankruptcy regime.
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He fled to London after BTA was seized by the sovereign wealth fund and declared insolvent in 2009.
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A total of 380 care home businesses have been declared insolvent since 2010.
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A total of 74 businesses were declared insolvent during January 2014.
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Russia, Ukraine and Kazakhstan brought fraud cases against Ablyazov after BTA was seized by Kazakh authorities and declared insolvent.
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The petition, which was filed on 14 September, could lead to the subsidiary being declared insolvent and closed down.
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But it failed to tap into growing demand for flat-screen TV sets and the venture was declared insolvent in 2007.
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On July 5, 1982 the bank was declared insolvent.
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Declared insolvent May 23.