<h1>Creditor-initiated insolvency process to enable faster out-of-court resolution and strengthened creditor oversight and liquidation controls.</h1> The Bill creates a creditor-initiated insolvency resolution process (CIRP) permitting out-of-court initiation with oversight by a resolution professional, a debtor objection window, and conversion to standard CIRP where conditions are met; it treats information-utility records as sufficient evidence of default for financial creditor admissions, restricts withdrawal of CIRP applications at key stages, and expands resolution plans to include asset sales while enhancing avoidance-recovery powers.