The Corporate Insolvency Resolution Process (CIRP) is a structured, time-bound mechanism under the Insolvency and Bankruptcy Code (IBC), 2016. It enables financially distressed companies or […]
IBC
Understanding PPIRP Under IBC: Fast-Track Insolvency for Small Businesses
The Pre-Packaged Insolvency Resolution Process (PPIRP) was introduced as a timely and targeted reform within India’s insolvency framework, specifically addressing the unique needs of micro, […]
Understanding the Legal Position of Operational Creditors in IBC Proceedings
Before the Insolvency and Bankruptcy Code, 2016 was enacted, India’s legal framework classified creditors into two categories: secured and unsecured. Secured creditors had the benefit […]