CORPORATE INSOLVENCY RESOLUTION PROCESS Chandigarh
The Corporate Insolvency Resolution Process (CIRP) is a time-bound legal mechanism under India’s Insolvency and Bankruptcy Code (IBC) for resolving financially distressed companies, aiming to revive them through restructuring or orderly liquidation to repay creditors. Initiated by creditors or the company itself via the National Company Law Tribunal (NCLT), it involves appointing a Resolution Professional … Read more
