Quick-reference summary — for full depth, see our detailed UPSC notes.
The IBC, 2016 replaced fragmented insolvency laws (SICA, SARFAESI) with a single, time-bound Corporate Insolvency Resolution Process (CIRP) — 180 days, extendable by 90. The IBBI regulates the process; the NCLT adjudicates, with the NCLAT hearing appeals.
This national-framework topic is identical for TSPSC as it is for UPSC — for the full deep-dive with all the detail, follow the link above.
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