Fast-Track Corporate Insolvency Resolution Process: A Streamlined Approach for Corporate

Ancoraa Resolution31 Jul, 2023Finance

In recent years, the economic landscape has witnessed a significant increase in corporate insolvencies. Financial distress and insolvency can pose severe challenges to both businesses and creditors, leading to economic instability. To address these issues and expedite the resolution process, the Indian government introduced the Fast-Track Corporate Insolvency Resolution Process (CIRP).