CIRP Simulation Competition 2026 with NALSAR & IICA
The CIRP Simulation Competition 2026 is a unique academic initiative in the field of Insolvency and Bankruptcy Laws. It is organised by NALSAR University of Law in collaboration with Indian Institute of Corporate Affairs (IICA) under the National Conclave on Insolvency and Bankruptcy Laws 2.0.
This competition provides a practical platform for students to understand and apply real-world Corporate Insolvency Resolution Process (CIRP) procedures.
Key Highlights
- Event Dates: 11th & 12th April 2026
- Venue: NALSAR University of Law
- Format: Written + Oral Rounds
- Team Size: 2 Members
- Top Prize: ₹50,000 (Winning Team)
- Runner-Up Prize: ₹30,000
About the Competition
The CIRP Simulation Competition is designed to simulate the complete lifecycle of insolvency proceedings under Indian law. Participants will:
- Draft and present resolution plans
- Argue before simulated NCLT (National Company Law Tribunal) benches
- Engage with Committee of Creditors (CoC) scenarios
- Apply provisions of the Insolvency and Bankruptcy Code (IBC)
This initiative helps bridge the gap between theoretical knowledge and practical application, especially in India’s growing insolvency ecosystem.
Team Structure & Roles
Each team must consist of two members, assigned fixed roles:
- Member 1:
- Interim Resolution Professional (IRP)
- Resolution Professional (RP)
- Member 2:
- Resolution Applicant (RA)
👉 Participants must strictly follow their assigned roles throughout the competition.
Competition Structure
Stage 1: Online Submission
- Mandatory Resolution Plan submission
- Evaluation based on:
- Legal compliance with IBC
- Logical sequencing of CIRP
- Analytical clarity
Stage 2: Qualifier Rounds (11 April 2026)
- Inaugural session and briefing
- Rounds judged as Committee of Creditors (CoC)
- Selection of semi-finalists
Stage 3: Semi-Finals & Finals (12 April 2026)
- Semi-final rounds
- Final round before simulated NCLT Bench
- Prize distribution and valedictory ceremony
Important Dates
- 25 March 2026: Early Bird Registration Deadline
- 31 March 2026: Regular Registration Deadline
- 2 April 2026: Problem Statement Release
- 5 April 2026: Last Date for Queries
- 9 April 2026: Submission Deadline
- 11–12 April 2026: Competition Days
Eligibility Criteria
Students from the following backgrounds can apply:
- LL.B. (3-year or 5-year) from BCI-recognised universities
- LL.M. students from UGC-recognised institutions
- UG/PG students in:
- Finance
- Management
- Economics
- Related disciplines
👉 Cross-institutional teams are allowed.
Registration Details
- Early Bird Fee: ₹4,000 per team
- Regular Fee: ₹5,000 per team
Fee Includes:
- Competition kit
- Meals and refreshments
- Participation certificates
- Accommodation (subject to availability)
Why You Should Participate
- Gain practical exposure to CIRP proceedings
- Improve legal drafting and advocacy skills
- Interact with experts in insolvency law
- Enhance career opportunities in IBC practice
Venue Details
- Location: NALSAR University of Law
- Justice City, Shamirpet
- Hyderabad – 500101, Telangana
Contact Information
- Naimisa Madduri: +91 8008005676
- Madhav Sharma: +91 7042124878
- Email: ncibl2026@nalsar.ac.in
