The Corporate Culture Pvt. Ltd.

Insolvency & Restructuring

Insolvency & Restructuring – Corporate Insolvency Resolution Process (CIRP)

"Implement efficient resolution strategies to restore business viability. Maximize value recovery and support sustainable turnaround."

At TCC-India Consulting Company, we provide end-to-end advisory and management of CIRP—ensuring compliance, transparency, and value maximization for all stakeholders. Our team of insolvency professionals, financial experts, and legal advisors works closely with companies, creditors, investors, and resolution professionals to steer the process effectively. We go beyond compliance. Our CIRP advisory is designed to preserve enterprise value, safeguard stakeholder interests, and enable businesses to recover or restructure efficiently, while maintaining alignment with legal timelines and NCLT requirements. With our strategic guidance, CIRP becomes not just a resolution mechanism but a transformative opportunity to revive businesses, protect jobs, and restore financial stability.

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About Our Services

WHAT IS Corporate Insolvency Resolution Process (CIRP)?

CIRP is initiated when a company defaults on debt repayment exceeding the statutory threshold. The process is time-bound (180 days, extendable up to 330 days) and is overseen by the National Company Law Tribunal (NCLT). During CIRP, a Resolution Professional (RP) takes control of the company’s management, suspending the powers of the board of directors, while creditors collectively decide the company’s future through a Committee of Creditors (CoC). The ultimate objective of CIRP is to maximize value for creditors, protect the business ecosystem, and provide an equitable platform for resolution. It ensures that companies facing insolvency are not liquidated prematurely but given a fair chance to revive through restructuring, mergers, acquisitions, or debt refinancing. At TCC-India, we specialize in guiding stakeholders through the intricacies of CIRP with expert advisory, legal representation, claim management, and restructuring strategies—ensuring a smooth, compliant, and value-driven process.

Our Expertise

OUR SERVICES – Corporate Insolvency Resolution Process (CIRP)

We provide comprehensive support at every stage of CIRP, covering the interests of corporates, creditors, and resolution professionals.

Application & Filing Support

Drafting and filing applications for initiating CIRP before NCLT, ensuring accuracy and compliance with IBC requirements, minimizing chances of rejection or delays.

Resolution Professional (RP) & IRP Assistance

Advisory and operational support to RPs/IRPs in managing the company during CIRP, including claim verification, asset control, and information memorandum preparation.

Committee of Creditors (CoC) Advisory

Guidance to financial creditors in decision-making, voting, and negotiation processes to maximize recovery and protect creditor rights.

Claim Management & Verification

End-to-end assistance in filing, reviewing, and verifying claims for both financial and operational creditors to ensure accurate and fair treatment.

Preparation of Information Memorandum & Resolution Plans

Drafting, reviewing, and evaluating detailed information memoranda and resolution plans that comply with IBC standards and attract potential investors.

Representation before NCLT / NCLAT

Legal representation and documentation support before NCLT and appellate tribunals to safeguard client interests throughout CIRP.

Benefits of Corporate Insolvency Resolution Process (CIRP)

Our CIRP advisory ensures smoother, faster, and more value-driven outcomes for all stakeholders.

Legal Compliance & Reduced Risks

CIRP involves complex procedures, strict timelines, and technical compliance requirements. Our experts ensure accuracy in filings, adherence to IBC mandates, and timely submissions, reducing risks of case rejection or penalties.

Maximized Recovery for Creditors

We focus on ensuring creditors—both financial and operational—receive maximum recovery by structuring strong resolution plans, negotiating fairly, and preventing value erosion during the process.

Faster & Efficient Resolution

Delays in CIRP can cause significant financial losses. By streamlining processes, coordinating with tribunals, and monitoring deadlines, we accelerate resolution timelines, delivering quick and effective outcomes.

Business Continuity & Revival

Instead of heading toward liquidation, our restructuring strategies provide businesses with opportunities for mergers, acquisitions, or refinancing, ensuring continuity of operations and saving jobs.

Transparency & Stakeholder Trust

We maintain transparent communication across all parties—creditors, promoters, investors, and RPs—ensuring smoother negotiations, greater confidence, and sustainable resolutions.

Early Risk Identification & Prevention

Beyond immediate CIRP, we equip businesses with early-warning mechanisms and restructuring advice to prevent future insolvency scenarios.

Detailed Features – Corporate Insolvency Resolution Process (CIRP)

Our CIRP services are built on strong features that ensure trust, compliance, and effective outcomes.

End-to-End Process Support

From application to resolution or liquidation, we manage the entire lifecycle of CIRP. Clients benefit from a single-window advisory approach, reducing complexity and delays.

Multidisciplinary Team of Experts

Our panel includes insolvency professionals, chartered accountants, lawyers, financial strategists, and valuation experts. This ensures holistic solutions covering legal, financial, and operational aspects.

Case-Specific Tailored Solutions

Every insolvency case is unique. We customize our strategies based on company size, debt structure, industry, and stakeholder ecosystem, ensuring optimal outcomes for each client.

Strong Tribunal & Regulatory Representation

With deep expertise in handling NCLT/NCLAT cases, we provide powerful legal support, ensuring compliance and favorable results even in complex litigations.

Technology-Driven Claim & Process Management

Using digital tools for claim collation, compliance monitoring, and case tracking, we ensure transparency, accuracy, and timely updates for stakeholders.

Sustainability & Long-Term Value Creation

Our restructuring plans go beyond short-term revival by focusing on sustainable financial health, operational efficiency, and growth potential of the business.

CHALLENGES WITH SOLUTIONS

Strict Timelines Under IBC

CIRP must be completed within a limited timeframe, which often causes delays or rushed decisions. Process Monitoring & Case Management: We streamline every stage, track deadlines proactively, and ensure that resolutions are completed within IBC timelines, avoiding unnecessary delays.

Complex Regulatory Requirements

Frequent amendments and strict compliance make CIRP legally complex for corporates and creditors. Legal & Regulatory Advisory: Our experts interpret the latest amendments, draft accurate filings, and guide clients to remain fully compliant with IBC norms.

Value Erosion of Assets During CIRP

Delays and mismanagement reduce the value of company assets, lowering creditor recovery. Asset Valuation & Management Advisory: We deploy independent valuers, manage assets, and preserve enterprise value to ensure maximum recoveries for stakeholders.

Conflicts Between Creditors & Stakeholders

Disagreements between financial and operational creditors can stall resolution. Neutral Stakeholder Advisory: We act as mediators, balancing interests, fostering transparency, and creating win-win strategies for all stakeholders.

Risk of Forced Liquidation

Without effective resolution, companies may end up in liquidation, resulting in job and value losses. Restructuring & Revival Strategy: We design sustainable restructuring, mergers, and refinancing options to help businesses revive and avoid liquidation.

Corporate Insolvency Resolution Process (CIRP)