CIRP Commencement & Admission Advisory
Assess statutory eligibility, debt and default, jurisdiction, limitation and procedural consequences.
INSOLVENCY & RESTRUCTURING ADVISORY
CIRP-related Advisory
Navigating Corporate Insolvency. Protecting Stakeholder Rights. Supporting Effective Resolution.
OUR SERVICES FOR CIRP ADVISORY
Our CIRP-related Advisory Services
Support from initial assessment and admission through claims, CoC participation, resolution plans and post-CIRP matters.
Creditor Claims & Verification Advisory
Support claim preparation, classification, admission disputes and statutory remedies.
CoC Proceedings & Stakeholder Rights
Advise on committee participation, voting rights, meetings, resolutions and stakeholder protections.
Resolution Professional & CIRP Compliance Support
Provide legal and documentation support for CIRP administration, statutory applications and procedural compliance.
Resolution Plans & Resolution Applicant Advisory
Review eligibility, plan terms, creditor treatment, approvals and implementation obligations.
NCLT, NCLAT, Settlement & Post-CIRP Advisory
Support applications, appeals, settlements, withdrawal, liquidation and post-resolution implementation.
KEY BENEFITS
Key Benefits of CIRP Advisory
The Corporate Insolvency Resolution Process is a statutory process under the Insolvency and Bankruptcy Code, 2016. It involves a series of time-sensitive decisions and stakeholder actions, including admission, claims, Committee of Creditors processes and resolution-plan consideration. The applicable strategy and timelines depend on the facts, process stage and current law.
Considered for your next chapter.
Clearer understanding of the CIRP framework
Understand process stages, statutory requirements and relevant stakeholder roles.
Better protection of stakeholder rights
Identify participation, claim and decision-making considerations for the relevant stakeholder.
Improved preparation of creditor claims
Organise claim information and supporting records for review and submission.
Informed participation in CoC and plan evaluation
Assess voting, resolution-plan and process decisions in light of the applicable framework.
Timely action and settlement strategy
Track process events and evaluate settlement or withdrawal options where available.
Support for value-preserving resolution outcomes
Consider viable resolution and implementation paths for the business and its stakeholders.
WHO NEEDS THESE SERVICES?
CIRP support for the stakeholders involved
The Corporate Insolvency Resolution Process is a statutory process under the Insolvency and Bankruptcy Code, 2016. It involves a series of time-sensitive decisions and stakeholder actions, including admission, claims, Committee of Creditors processes and resolution-plan consideration. The applicable strategy and timelines depend on the facts, process stage and current law.
- Financial creditors
Lenders reviewing admission, claims, CoC participation, voting and resolution options.
- Operational creditors
Suppliers and service providers assessing claims, notices, verification and remedies.
- Corporate debtors
Companies responding to CIRP, managing process obligations and assessing resolution options.
- Promoters & directors
Individuals considering statutory duties, participation, information and process-related exposure.
- Investors & resolution applicants
Applicants assessing eligibility, process participation, resolution plans and implementation.
- Resolution professionals
Professionals seeking legal and procedural support for process administration and stakeholder matters.
Clarity for what comes next.
COMPARATIVE ANALYSIS
CIRP vs Liquidation vs SARFAESI vs DRT
A general comparison of insolvency and recovery routes. The proper forum, eligibility and outcome depend on the debt, security, parties and applicable law.
Comparative Analysis — CIRP vs Liquidation vs SARFAESI vs DRT
| Parameter | CIRP | Liquidation | SARFAESI | DRT Recovery |
|---|---|---|---|---|
| Primary objective | Resolution of the corporate debtor | Realisation and distribution of assets | Enforcement by secured creditors | Recovery of debts |
| Initiating party | Eligible applicant under the Code | Post-failed CIRP or other statutory triggers | Eligible secured creditor | Eligible creditor |
| Forum | NCLT / NCLAT | NCLT | Statutory enforcement process (with DRT) | DRT / DRAT |
| Moratorium | Yes, under Section 14 after admission, subject to law | Not applicable as a CIRP moratorium | No general moratorium under the IBC | No general moratorium |
| Outcome | Approved plan or other statutory result | Distribution and dissolution | Enforcement of secured assets | Recovery decree or other relief |
Section 7 vs Section 9 vs Section 10
| Parameter | Section 7 (Financial Creditor) | Section 9 (Operational Creditor) | Section 10 (Corporate Applicant) |
|---|---|---|---|
| Applicant | Financial creditor | Operational creditor | Corporate debtor |
| Basis | Financial debt and default | Operational debt and default | Corporate debtor’s default |
| Demand notice | No Section 8 demand notice | Section 8 notice and response process applies | Not applicable as a creditor demand notice |
| Pre-existing dispute | Not the same admission test as Section 9 | A qualifying dispute may affect admission | Applicant must meet the Code’s requirements |
| Key documents | Financial contracts, records and default evidence | Invoices, demand notice and proof of service | Corporate approvals, financial records and default details |
| Common risk | Limitation and default evidence | Dispute, debt classification and notice compliance | Corporate eligibility and complete disclosures |
This comparison is a general guide and does not determine eligibility or the likely outcome of a particular matter.
CIRP ADVISORY PROCESS
A structured seven-stage CIRP approach
Coordinate case assessment, statutory process, stakeholder participation and resolution implementation through a considered sequence.
- 01
CIRP Status & Initial Assessment
Review admission status, eligibility, applicant category, debt and default records.
- 02
Documentary Due Diligence
Examine agreements, claims, notices, records, security and existing proceedings.
- 03
Strategic Route Selection
Evaluate resolution, settlement, liquidation and applicable statutory options.
- 04
Applications & Procedural Compliance
Prepare or review applications, petitions, replies and objections.
- 05
CoC & Resolution Plan Advisory
Support CoC participation, plan evaluation and stakeholder rights.
- 06
NCLT / NCLAT & Settlement Strategy
Coordinate hearings, appeals, applications and lawful settlement considerations.
- 07
Implementation or Liquidation Support
Assist with resolution-plan implementation, post-CIRP actions or liquidation steps.
DOCUMENTS & REQUIREMENTS
Key Documents Required (Illustrative)
The documents needed depend on the stakeholder, application, claim and stage of the CIRP.
- Admission order and CIRP application records
- Corporate incorporation, constitutional and authorisation documents
- Loan agreements, invoices and underlying contracts
- Evidence of debt and default
- Demand notices and proof of service or correspondence
- Financial statements and audit reports
- Security and charge documents
- Claims and supporting evidence
- Resolution plan documents and CoC records, where relevant
PROS AND CONS
Pros and Cons of CIRP Advisory
Key Advantages
- Structured review of CIRP status and available options
- Organised creditor claims and supporting documentation
- Informed CoC and resolution-plan participation
- Coordinated representation and statutory compliance
- Early identification of procedural and limitation issues
Key Challenges
- Strict statutory and regulatory timelines
- Complex claim verification and stakeholder coordination
- Potential disputes over eligibility, default or claims
- Resolution plan evaluation and implementation demands
- Outcome and duration depend on statutory process and case facts
PROFESSIONAL FEES (INDICATIVE)
CIRP advisory fees based on scope
Fees depend on claim value, process stage, complexity, forum, urgency and required representation. Applicable filing and statutory charges are assessed separately.
CIRP Case Assessment
On request- Initial process and case review
- Document and claim overview
- Eligibility and procedural risk assessment
- Recommended next steps
CIRP Advisory Support
Scope-based- Application, response or claim support
- CoC and resolution-plan advisory
- NCLT / NCLAT proceedings support
- Settlement and implementation guidance
Customised Quote
For complex ownership, activity-specific permissions, foreign participation or tailored requirements.
Get a QuoteGovernment charges, applicable taxes and third-party costs are confirmed separately as part of the proposed scope.
FREQUENTLY ASKED QUESTIONS
Browse all FAQs A few useful answers
Answers to common questions about CIRP, creditor claims and resolution proceedings.
What is CIRP?
Who may initiate CIRP?
What is the role of the Committee of Creditors?
How long does CIRP take?
Can an operational creditor participate in the CoC?
Can the parties settle during CIRP?
What happens if no resolution plan is approved?
What documents are useful for CIRP advisory?
TESTIMONIALS
Clear advice. Practical direction.
Perspectives shared with permission by clients of our advisory teams.
Astronis Global brought clarity and commercial focus to a complex restructuring exercise. Their advice was practical, timely and easy for our leadership team to act on.
The team understood our regulatory requirements quickly and helped us move forward with confidence. We valued their responsiveness and disciplined follow-through.
Astronis Global provided dependable support across multiple registrations and approvals. Their communication was clear, structured and consistently professional.
INSIGHTS & EVENTS
View all insights Latest Articles, Updates and Events
KNOWLEDGE CENTRE
Guides, checklists and templates
Guides and checklists for CIRP process, creditor claims, CoC participation and resolution planning.
GUIDE
CIRP Process & Timeline Guide
Explore resource CHECKLISTCreditor Claim Submission Guide
Explore resource GUIDECommittee of Creditors Guide
Explore resource GUIDEResolution Plan Guide
Explore resource GUIDENCLT / NCLAT Proceedings Guide
Explore resource CHECKLISTSettlement & Liquidation Guide
Explore resourceYOUR NEXT CHAPTER STARTS HERE
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