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Describe the challenges faced by the Insolvency Professionals in adhering to the CIRPregulations.

Question

Describe the challenges faced by the Insolvency Professionals in adhering to the CIRP regulations.

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Solution

The Insolvency Professionals (IPs) face several challenges in adhering to the Corporate Insolvency Resolution Process (CIRP) regulations. Here are some of them:

  1. Complexity of Regulations: The CIRP regulations are complex and require a deep understanding of the law. IPs often find it challeng
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