THE “SKIN IN THE GAME” PARADOX IN CIIRP: DEBTOR-IN-POSSESSION AND STAKEHOLDER PROTECTION
Introduction The Creditor-Initiated Insolvency Resolution Process (CIIRP) framework 2026 marks an important shift in Indian insolvency law. It moves away from the fully court-driven logic of CIIRP and toward an out-of-court, debtor-in-possession model in which the existing management remains in control, but under creditor-led supervision. The attraction is obvious; faster resolution, less litigation, and a
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