Understanding CIRP and CIIRP under the IBC: From Established Resolution to Creditor-Led Early Intervention

New Article Published on TaxGuru

I am pleased to share my latest article published on TaxGuru:

“Understanding CIRP and CIIRP under the IBC: From Established Resolution to Creditor-Led Early Intervention”

The article examines the evolving insolvency framework under the IBC, with particular focus on the newly introduced Creditor-Initiated Insolvency Resolution Process (CIIRP), its relationship with CIRP, and the importance of timely intervention and preservation of enterprise value.

The article may be useful for bankers, financial creditors, insolvency professionals, corporate professionals and others interested in the evolving insolvency framework.

Read the full article on TaxGuru:
https://taxguru.in/corporate-law/cirp-ciirp-ibc-established-resolution-creditor-led-early-intervention.html

By Ashok Kakkar

Ashok Kakkar is an Advocate, Insolvency Professional registered with the IBBI, and a former senior banker based in Chandigarh, with over 40 years in banking, credit and insolvency. He holds M.Com, LL.B., LL.M. and CAIIB qualifications. His banking career covered corporate lending, large advances, credit monitoring, NPA management, recovery and fraud risk assessment; he now works on corporate insolvency resolution, forensic and financial review, and recovery matters. He is the author of the Banking & Legal Wisdom Series on Amazon and shares practical guidance on his YouTube channel, Kakkar Wisdom Hub.

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