The average time for closure of a CIRP has risen from 614 days in FY23 to 717 days in FY25
| Photo Credit:
lakshmiprasad S
The Corporate Insolvency Resolution Process (CIRP) initiated by stakeholders such as financial creditors, operational creditors and corporate debtors under the Insolvency and Bankruptcy Code (IBC), 2016, continues to be in the slow lane.
CIRPs initiated by the aforementioned stakeholders has declined from 1,262 in FY23 to 723 in FY25 even as the average time for approval of Resolution Plans and closure of CIRP has increased substantially during the said period.
Average time
The average time for approval of Resolution Plans has increased from 611…
