Pranjal Kawedia ( Mumbai )
10-Mar-2026 05:50 PM
Corporate Insolvency Resolution Process
As explained the Financial Creditor who files the application can appoint interim Resolution Professional what if there are 2 different FC filing the Application assuming at the same time who will appoint the Resolution Professional
If multiple Financial Creditors file CIRP applications simultaneously and propose different IRPs, the NCLT admits one application and appoints the IRP proposed in that application (subject to confirmation by IBBI). The other applications become irrelevant once CIRP begins.
Answer given by Shubhamm Sir at 29-Mar-2026 08:57 PM