Fast Track CIRP — The shorter road that WAS | IBC Series-Part 12 | SatyaArth Legal

What if insolvency could move faster?In this episode, we step into the story of Fast Track CIRP— the IBC's attempt to create a shorter route for specified corporate debtors.Through the story of Arya Components, we explore who could use Fast Track, how the 90 + 45-day clock worked, and why "Fast” did not mean fewer rules — it meant less time to use them.But the story doesn't end there.In 2026, Sections 55–58 were omitted and a new Creditor-Initiated Insolvency Resolution Process (CIIRP) is introduced.So, what changed? Go find out#SatyaArthLegal #IBC #InsolvencyAndBankruptcyCode #FastTrackCIRP #CIIRP #InsolvencyLaw #CorporateLaw #LegalStorytellingRead the Provisions from here, the bare act itself : https://ibbi.gov.in/uploads/legalfram...