CIRP Regulations

CIRP Regulations refer to the rules set under the Corporate Insolvency Resolution Process (CIRP) in India, which govern how companies experiencing financial distress are managed. They provide a structured legal framework for resolving a company's insolvency efficiently, aiming to maximize value for creditors while allowing the company a chance to reorganize or resolve its debts. The regulations outline procedures for filing, notice, meetings, valuation, and resolution plans, ensuring transparency and fairness throughout the insolvency process. Overall, CIRP Regulations help balance the interests of creditors, debtors, and other stakeholders while facilitating orderly resolution of financial distress.