Can CLRP help mitigate corporate distress? – Firstpost

IBBI has proposed a Creditor-Led Resolution Process, or CLRP, as a new approach to address challenges in corporate insolvency read more The Insolvency and Bankruptcy Board of India (IBBI), recognising the growing need for an out-of-court resolution mechanism within the existing insolvency framework, has proposed a Creditor-Led Resolution Process (CLRP) as an alternative model for…