Insolvency Process Expertise

Understanding the right insolvency process is crucial for effective financial recovery. Explore the options below to determine which path is right for your business.

Corporate Insolvency Resolution Process (CIRP)
A structured approach to resolve corporate financial distress

CIRP is a comprehensive process designed to help financially distressed companies find a resolution, potentially saving them from liquidation through a viable restructuring plan.

Key Steps:

  • 1.Filing application with NCLT by creditors or the corporate debtor
  • 2.Appointment of a Resolution Professional
  • 3.Formation of Committee of Creditors (CoC)
  • 4.Invitation, evaluation and approval of resolution plans
  • 5.Implementation of approved resolution plan or liquidation
Who Should Consider CIRP?
Understanding relevance and benefits

Applicable For:

  • •Companies facing significant financial distress but with viable business models
  • •Businesses where debt restructuring could lead to successful revival
  • •Organizations where stakeholders seek structured resolution with judicial oversight

Why It Matters:

CIRP offers a legal framework to prevent immediate liquidation, providing a chance for business revival through collective decision-making by creditors. This structured approach maximizes asset value and offers better recovery prospects than immediate liquidation.

Did you know? CIRP provides moratorium protection against legal proceedings, allowing breathing space for resolution planning.

Need Personalized Guidance?

Our insolvency experts will analyze your specific situation and recommend the most suitable process for your business recovery.