The Insolvency and Bankruptcy Code provides for conducting a corporate debtor's corporate insolvency resolution process. CIRP aims to resolve issues with defaulting companies quickly and keep them operating.This guide will help you understand the resolution process. The Corporate Insolvency Resolution Process (CIRP) is a recovery mechanism made available to creditors (IBC). CIRP is the process through which it is determined whether the person who has defaulted is capable of repayment or not. The process can take years to complete. You may learn a lot from Rahul Magan's video. Video content is provided for educational purposes solely and is provided at no cost. Of the dispute resolution process.