IBC1 min read
CIRP
Corporate Insolvency Resolution Process — a time-bound process under IBC to resolve insolvency of a corporate debtor within 180 days (extendable to 330 days).
Last updated: 16 May 2026
Frequently Asked Questions (FAQs)🔗
Q1. What is CIRP in Indian corporate law?▼
Corporate Insolvency Resolution Process — a time-bound process under IBC to resolve insolvency of a corporate debtor within 180 days (extendable to 330 days).
Q2. Why is CIRP important for compliance?▼
CIRP is governed by the Insolvency and Bankruptcy Code, 2016 and regulated by IBBI. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.
Q3. What is the full form of CIRP?▼
Corporate Insolvency Resolution Process — that is the full form of CIRP.
Contextual Analysis & Regulatory Updates🔗
Read our latest analysis and critical updates on corporate circulars related to IBC:
IBBI Discussion Paper 2026: Guidance for Insolvency Professionals on Due Diligence to Detect Fraudulent or Malicious Initiation of CIRP
Published: 14 August 2026
IBBI Discussion Paper Proposes Amendments to CIRP, Liquidation and Personal Guarantor Regulations — Comments Due 22 July 2026
Published: 2 July 2026
IBBI Discussion Paper Proposes 13 Reforms to Real Estate Insolvency, 2026
Published: 30 June 2026