<\/span><\/h2>\n\n\n\nThis is the stage a lot of guides skate past, and it is the one that most affects whether you actually see your money.<\/p>\n\n\n\n
Once the tribunal admits your case, a moratorium takes effect under Section 14. All pending suits, recovery actions, and enforcement steps against the company freeze. The company’s board is suspended, and an Interim Resolution Professional takes over management. A public announcement goes out inviting every creditor, not just you, to submit their claims.<\/p>\n\n\n\n
From here, the process is no longer really about your invoice. It becomes about the company as a whole. A Committee of Creditors, generally dominated by lenders and financial institutions, decides whether to approve a resolution plan that keeps the company running under new terms, or to send it into liquidation. Operational creditors like most suppliers rank behind secured lenders in how sale proceeds get distributed, and it is common, honestly, for unsecured suppliers to recover only a portion of what they are owed once a resolution plan or liquidation plays out, unless the company settles with you directly before that stage.<\/p>\n\n\n\n
That last point is worth repeating because it rarely gets said plainly enough: admission is not the end goal, it is a pressure point. Most operational creditors who actually get paid in full get paid because the company settled once its management realised what admission would trigger, not because the CIRP itself ran its full course.<\/p>\n\n\n\n
The full process is designed to be completed within 330 days from admission, including any time spent on litigation along the way, under Section 12 of the IBC. In practice, cases involving asset disputes, multiple creditors, or an uncooperative management regularly run past this outer limit.<\/p>\n\n\n\n
<\/span>How Long Does the Whole Process Really Take?<\/strong><\/span><\/h2>\n\n\n\nBreak it down stage by stage and the honest picture looks like this:<\/p>\n\n\n\n