Proposed changes in CIRP: Discussion Paper by IBBI

Insolvency and Bankruptcy Board of India (IBBI) has recently (June 27, 2022) published a ‘Discussion Paper’ inviting comments on the proposed changes in the Corporate Insolvency Resolution Process (CIRP). The proposed changes are aimed to reduce delays and improve the resolution value of the Corporate Debtor (CD). We list some of the key changes proposed in CIRP in the enclosed Article.

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