About CNLU
Chanakya National Law University (CNLU) was established in 2006 with an altruistic aspiration of serving society by disseminating high-quality legal education and legal awareness. CNLU has garnered a pan-India reputation as a stellar institution for legal research and education.
The University regularly organises conferences, capacity-building programmes, and guest lectures in collaboration with statutory bodies, think tanks, educational institutions, law firms, and trade associations.
About CARCIL
The Centre for Advanced Research on Corporate and Insolvency Laws (CARCIL) is a Centre of Excellence that facilitates research in corporate law, governance, insolvency, and allied laws in India.
The center undertakes research projects and organizes academic workshops, lectures, conferences, and faculty development programmes to advance corporate and insolvency laws while fostering intellectual curiosity, critical thinking, and innovation.
About the Competition
The CNLU–CARCIL National CIRP Simulation Competition is a practice-oriented initiative aimed at equipping participants with essential insolvency resolution, commercial, and strategic decision-making skills within the evolving insolvency and restructuring landscape. The Competition simulates real-world Corporate Insolvency Resolution Process (CIRP) proceedings under the Insolvency and Bankruptcy framework.
By focusing on experiential learning, the Competition aims to develop practical competencies and prepare participants for the demands of modern insolvency and restructuring practice. Prizes and other recognitions will be awarded.
Team Structure
Each team shall comprise two members, who will assume the following fixed roles:
- Interim Resolution Professional (IRP) and Resolution Professional (RP), Resolution Applicant (RA)
- Participants must strictly adhere to the responsibilities and limitations of their assigned role throughout all rounds.
Competition Structure
The competition will be conducted in three stages:
- Stage I: Resolution plan submission along with the initial registration fee.
- Stage II (Virtual): Preliminary Simulation Round. The top 24 teams from Stage I will qualify for the virtual rounds.
- Stage III (On-Campus): Quarter-Final and Final Rounds. The top 8 teams will participate in advanced simulation rounds involving complex, real-world-inspired insolvency and restructuring scenarios. The on-campus rounds are scheduled for September 4, 2026.
Eligibility
Applications are open to:
- Students pursuing a full-time 3-year or 5-year LL.B. programme from a university recognised by the Bar Council of India or the relevant statutory authority.
- Students enrolled in LL.M. programmes from recognised universities accredited by the UGC.
- Undergraduate or postgraduate students in finance, management, economics, or allied disciplines from recognised universities.
Registration Fee
- At the time of final registration and submission of the resolution plan: Rs. 2,000 per team.
- After qualifying for the Preliminary Simulation Round (Top 24): Rs. 3,000 per team.
Important Dates
- Commencement of Provisional Registrations & Release of Pre-Invite: June 22, 2026
- Release of Problem Statement & Commencement of Final Registration: July 5, 2026
- Last Date for Clarifications: July 14, 2026
- Last Date for Final Registration & Submission of Resolution Plan: July 25, 2026
- Intimation to Top 24 Selected Teams: July 30, 2026
- Preliminary Simulation Rounds (Virtual): August 16, 2026
- Intimation to Top 8 Selected Teams & Release of Rank List: August 18, 2026
- On-Campus Rounds: September 4, 2026
Registration Process
Interested teams are required to register through the Provisional Registration Form and thereafter comply with the timelines and requirements set out in the official rulebook.
Participants are advised to refer to the rulebook for detailed information regarding the resolution plan format, code of conduct, and evaluation criteria.
Check the registration link at the end of the post!
Contact Details
Conveners
- Hardik Awasthi: +91 84236 48309
- Shivam Singh: +91 82711 07570
Co-Conveners
- Saksham Shivam: +91 62017 51648
- Vishvajeet Rastogi: +91 93369 90307
Email: carcil.fest@cnlu.ac.in | carcil@cnlu.ac.in
Click here to view the problem statement!
Click here to view the rule book!
Click here to register!
Click here for the clarification form!
🔗 Apply / More Info: https://www.lawctopus.com/cnlu-carcil-national-cirp-simulation-competition-2026/
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