Delhi HCSupreme CourtNCLTNCLATCCIDRTRERADPDP 2023

Insolvency & Restructuring

Corporate Insolvency Resolution Process (CIRP)

End-to-end CIRP representation for financial creditors, operational creditors, and corporate debtors at NCLT Delhi.

Overview

The Corporate Insolvency Resolution Process under the IBC 2016 is a time-bound, court-supervised restructuring mechanism. Corpus Juris Legal represents all stakeholders in CIRP proceedings — from initiating petitions to resolution plan implementation — at the NCLT Delhi and on appeal at NCLAT.

Key Service Components

  • Section 7 CIRP petition (financial creditor)
  • Section 9 CIRP petition (operational creditor)
  • Section 10 voluntary CIRP (corporate debtor)
  • Interim Resolution Professional appointment
  • Committee of Creditors advisory
  • Resolution Plan drafting and negotiation
  • CIRP timeline management
  • NCLAT appeal from NCLT orders

Why This Matters for Your Business

CIRP is a strict timeline process. Missing a COC vote, failing to submit a resolution plan on time, or failing to challenge a transaction within the limitation period can permanently extinguish rights.

Our Approach

We have managed CIRP proceedings from initiation through resolution across multiple sectors. Our team understands both the legal mechanics and the commercial dynamics of the resolution process.