NLUO and NLU Delhi Shine at the NALSAR CIRP Simulation 2026
The Corporate Insolvency Resolution Process (CIRP) Simulation, organised as part of NCIBL 2.0, was successfully conducted on 11th and 12th April 2026. The two-day academic initiative was conceptualised to provide participants with a rigorous, experiential learning platform, enabling the application of theoretical principles of the Insolvency and Bankruptcy Code, 2016 to simulated real-world insolvency scenarios.
The competition witnessed participation from premier law universities across the country and was conducted in a structured and time-bound manner through Qualifiers, Semi-Finals, and Finals, ensuring progressive assessment of procedural knowledge, strategic thinking, and professional competence.
Role of the Organising Committee and Faculty Co-ordinators
The successful execution of the CIRP Simulation was made possible by the concerted efforts of the Organising Committee of NCIBL 2.0, working under the guidance and supervision of the Faculty Co-ordinators. The Organising Committee was responsible for the conceptualisation and academic design of the simulation, coordination with judges and participating institutions, logistical planning, scheduling of rounds, and overall administration of the event.
The Faculty Co-ordinators provided continuous academic oversight and strategic direction, ensuring that the simulation adhered to its pedagogical objectives and maintained high academic standards. Their guidance played a crucial role in aligning the competition framework with learning outcomes, while the Organising Committee ensured smooth execution and effective coordination among all stakeholders.
Judging Framework and Panels
The CIRP Simulation was evaluated by a distinguished panel of judges comprising academicians, Insolvency Professionals, Liquidators, practising advocates, partners from leading law firms, industry experts, and alumni of the LLM IBL programme, thereby ensuring objectivity, academic rigour, and strong institutional and industry alignment.
Qualifying Rounds (11 April 2026)
The Qualifying Rounds were judged by multiple panels consisting of academicians, insolvency professionals, industry practitioners, and alumni of the LLM IBL programme. The participation of LLM IBL alumni as judges contributed to institutional continuity and enriched the evaluative process. The panels assessed teams on their understanding of CIRP fundamentals, statutory compliance, analytical reasoning, and clarity of presentation.
Semi-Final Rounds (12 April 2026)
The Semi-Final Rounds were evaluated by senior Insolvency Professionals, Liquidators, and experienced legal practitioners. At this stage, teams were assessed on advanced application of insolvency law, commercial decision-making, and resolution strategy, reflecting higher-order learning outcomes.
Final Round (12 April 2026)
The Final Round was adjudicated by an eminent panel comprising:
- Mr. Sumant Batra, Founder, Insolvency Law Academy
- Ms. S. Sahoo, Chairperson, Insolvency and Bankruptcy Board of India (IBBI)
- Mr. Shreesha Merla, Technical Member, National Company Law Tribunal (NCLT)
- Mr. Shriram Sridharan, Partner, LKS
The presence of senior regulatory, quasi-judicial, and professional experts significantly enhanced the credibility, depth, and academic value of the final deliberations.
Results of the Competition
Following a closely contested final round, the results of the CIRP Simulation were declared as follows:
🏆 Winners: National Law University, Orissa (Roshan Kumar Behera and Satvik Dash)
🥈 Runners-up: National Law University, Delhi (CA. Pushti Sahni and Abhinav Aggarwal)
Learning Outcomes and Institutional Impact
The CIRP Simulation under NCIBL 2.0 successfully achieved its academic and pedagogical objectives by:
- strengthening experiential and outcome-based learning;
- enhancing practical understanding of insolvency proceedings;
- promoting analytical, strategic, and procedural competencies;
- encouraging alumni engagement through the participation of LLM IBL graduates as judges; and
- facilitating meaningful interaction with industry professionals and regulatory authorities.
