The new creditor-initiated insolvency resolution process (CIIRP) in India aims to enhance the management of stressed companies by implementing stricter oversight and safeguards. Under this framework, the management will retain control but must operate under the supervision of a resolution professional, who will have the authority to approve financial transactions and inspect company assets. This contrasts with the traditional insolvency process where management loses control immediately upon insolvency admission. The resolution professional is empowered to demand critical information from the management, ensuring transparency and accountability. Additionally, the Insolvency and Bankruptcy Board of India has mandated that asset valuations follow the standards set by the International Valuation Standards Council, emphasizing the importance of credible valuations in the resolution process. These measures aim to protect creditor interests and facilitate informed decision-making during insolvency proceedings.