How long does the CIRP process take?

Typically, the CIRP process under IBC lasts 180 days, extendable up to 330 days.

What happens if no resolution plan is approved?

If no resolution plan is approved, the company proceeds to liquidation.

Yes, a company can self-initiate the CIRP process under IBC.

Financial creditors, operational creditors, or the corporate debtor can initiate CIRP.

The Resolution Professional (RP) takes control of the company’s affairs and ensures compliance with the CIRP process under IBC.

Ali Sherwani

March 07, 2025

6 min read

Content writer at RegisterKaro, specializing in business registration and compliance topics.