Resolution Plan Under the Corporate Insolvency Resolution Process, CIRP

Insolvencyserviceasc17 Sep, 2022Business

Corporate Insolvency Resolution Process is a recovery mechanism for creditors. If a corporate becomes insolvent, a financial creditor, an operational creditor, or the corporate itself may initiate CIRP.?Insolvency of corporate persons deals with the insolvency of a corporate bodies like a?private limited company?or limited company.