In the event where the firm is critically facing financially difficult times, the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016, tends to provide a structured approach within specified time limits. CIRP basically emphasizes the revival of the firm by shielding the firm from any sort of litigation, appointing the Resolution Professional, and all... https://www.skmcglobal.com/blog/corporate-insolvency-resolution-process-cirp-under-the-insolvency-and-bankruptcy-code