How long does CIRP take?

Statutory timeline is 180 days, extendable to 270 days. With litigation, the outer limit including extensions is 330 days.

Can the corporate debtor file?

Yes — Section 10 allows the corporate debtor itself to file for insolvency on its own default.

Insolvency & Bankruptcy

End-to-end advisory and representation under the Insolvency and Bankruptcy Code, 2016 — for creditors, debtors, resolution professionals and resolution applicants.

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Overview

Understanding Insolvency & Bankruptcy

The IBC consolidates and overhauls the resolution framework for corporate, partnership and individual insolvency. We act for financial and operational creditors, corporate debtors, IRPs/RPs and resolution applicants across CIRP, liquidation, voluntary liquidation and pre-pack proceedings before NCLT and NCLAT.

What We Cover

Key Highlights

Section 7 / 9 / 10 admissions before NCLT

Resolution plan drafting and CoC negotiation

Liquidation, voluntary liquidation and asset sale

Avoidance applications (preference, undervalued, fraudulent)

Pre-pack insolvency for MSMEs

Cross-border insolvency advisory

Our Process

How We Help You

A straightforward, transparent path from first call to resolution.

1Default & Demand Notice

Issue Section 8 notice (operational) or compile NPA records (financial); assess admissibility.

2NCLT Application

File Section 7 / 9 / 10 application with default proof and proposal of IRP.

3Admission & CIRP

On admission, moratorium triggers; CoC constitutes; resolution plans invited.

4Resolution / Liquidation

Approved plan binds all stakeholders; on no-plan, liquidation order is passed.

Checklist

Documents Required

Demand notice and reply (operational creditor)
Loan documents, default records, NPA classification
Books of account and audited financials
Identity and authorization of authorized representative
Proposed IRP consent (Form 2)

FAQs

Common Questions

Everything you need to know before you begin

Default of ₹1 crore or more is required to trigger a corporate insolvency resolution process.

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