Corporate Insolvency Resolution Process has to be completed in 330 days: Report – Free Press Journal
The Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC) has to be completed within the 330-day deadline prescribed under the law, the Supreme Court ruled on Monday (Ebix Singapore v. Committee of Creditors of Educomp), according to a news report. “Judicial delay was the reason why the earlier insolvency regime failed…