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Insolvency. Integrity. Resolution.
βFrequently Asked Questions on CIRP & Insolvency
What is the CIRP process under IBC?
The Corporate Insolvency Resolution Process is initiated when a company defaults and is resolved within a strict 180 to 330-day timeframe under the IBC.
What is the role of the Resolution Professional?
The RP takes over management and prepares the company for resolution through a plan approved by creditors.