Competition Description:
The Centre for Advanced Research on Corporate and Insolvency Laws (CARCIL), Chanakya National Law University (CNLU), has announced the CIRP Simulation Competition as part of the CARCIL National Corporate Fest 2026. The competition provides participants with an opportunity to engage in strategic decision-making, negotiation, and resolution planning under India’s insolvency framework.
Inspired by the Hindu Trimurti—Brahma, Vishnu, and Mahesh—the competition explores the different stages and outcomes of the Corporate Insolvency Resolution Process (CIRP), challenging participants to assess financial distress, balance stakeholder interests, and determine the most viable path forward for a distressed enterprise.
Details:
• Organisation: Centre for Advanced Research on Corporate and Insolvency Laws (CARCIL), CNLU
• Event: CARCIL National Corporate Fest 2026 – CIRP Simulation Competition
• Theme: Corporate Insolvency Resolution Process (CIRP)
• Mode: To be announced
• Dates: Further details to be released by the organizers
Competition Highlights:
• Simulation of real-world insolvency resolution scenarios
• Strategic decision-making and negotiation exercises
• Evaluation of stakeholder interests and commercial viability
• Resolution planning under the Insolvency and Bankruptcy Code (IBC) framework
• Exposure to corporate restructuring and insolvency law principles
Eligibility & Preference:
• Law students interested in Corporate Law and Insolvency Law
• Students with an interest in the Insolvency and Bankruptcy Code (IBC)
• Individuals seeking practical exposure to restructuring and resolution processes
• Strong analytical, negotiation, and problem-solving skills preferred
What This Offers:
• Practical understanding of the Corporate Insolvency Resolution Process (CIRP)
• Opportunity to develop negotiation and strategic decision-making skills
• Exposure to real-world insolvency and restructuring challenges
• Interaction with peers interested in corporate and insolvency laws
• Recognition at a national-level corporate law festival
Application Process:
• Registration details and competition guidelines will be announced soon by CARCIL
• Stay tuned for further updates from the organizers
• For queries, contact:
• carcil@cnlu.ac.in
• carcil.fest@cnlu.ac.in
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