About the Organisers
The CIRP Simulation Competition 2026 is organised by the LL.M.-IBL Batch (2025–27) of NALSAR University of Law in collaboration with the Indian Institute of Corporate Affairs.
The event is conducted under the aegis of the National Conclave on Insolvency and Bankruptcy Laws (NCIBL) 2.0, reflecting a joint effort to advance practical understanding of insolvency law in India.
About the CIRP Simulation Competition
The CIRP Simulation Competition is a pioneering, student-driven initiative focused on Insolvency and Bankruptcy Laws. It is designed to simulate the full lifecycle of a Corporate Insolvency Resolution Process (CIRP), providing participants with hands-on exposure to real-world insolvency practice.
Participants are required to demonstrate statutory precision, strategic decision-making, and advocacy skills while engaging with simulated forums such as the National Company Law Tribunal (NCLT) and Committee of Creditors (CoC). The competition aims to bridge the gap between academic learning and industry practice in India’s rapidly evolving insolvency ecosystem.
Eligibility
The competition is open to:
- Law students pursuing 3-year or 5-year LL.B. programmes from recognised institutions
- LL.M. students from accredited universities
- Students enrolled in professional courses such as CA, CS, and CMA
- Undergraduate and postgraduate students in Finance, Management, Economics, and allied disciplines
Team Composition
- Each team must consist of exactly two members
- Members may belong to the same or different institutions (cross-institutional teams are allowed)
- Each participant assumes a fixed role:
- Member 1: Interim Resolution Professional (IRP) / Resolution Professional (RP)
- Member 2: Resolution Applicant (RA)
Mode
The competition follows a hybrid format:
- Stage I (Online): Resolution Plan submission
- Stage II & III (Offline): Oral rounds conducted on campus
How to Register?
Interested candidates can register online via the link given at the end of the post.
Fee
- Early Bird: ₹4,000 per team
- Regular: ₹5,000 per team
Important dates
- 25 March 2026: Early Bird Registration Deadline
- 31 March 2026: Regular Registration Deadline
- 2 April 2026: Release of Problem Statement
- 5 April 2026: Last Date for Clarifications
- 9 April 2026: Submission Deadline
- 11–12 April 2026: Competition Days (On-campus rounds)
Prizes
- Winning Team: ₹50,000
- Runner-Up Team: ₹30,000
Key Highlights
- First-of-its-kind CIRP lifecycle simulation
- Engagement with simulated NCLT and CoC panels
- Interdisciplinary participation (law, finance, management, economics)
- Hosted under NCIBL 2.0, enhancing academic and industry credibility
- Opportunity to build expertise in a high-demand legal domain
Contact
Email: ncibl2026@nalsar.ac.in.
Click here to Register.
