How the process runs
- Public announcement and claims. Creditors submit claims with proof, within the time stated in the announcement.
- Committee of Creditors. Constituted after claims are verified. It decides on key matters of the process.
- Invitation for expressions of interest. Issued with eligibility criteria. Interested parties apply and are provisionally listed.
- Information and request for resolution plans. Shortlisted parties may receive access to information on signing a confidentiality undertaking.
- Evaluation and approval. Plans are placed before the Committee of Creditors and then the Tribunal.
Access to the information memorandum is restricted. Prospective resolution applicants should write to the IRP; access is given only after eligibility and a confidentiality undertaking.