What is irp stage 0 in bse?

This process happens in stages. insolvency resolution process (IRP) as per the Insolvency and Bankruptcy Code (IBC). Does ASM framework have any stages like in GSM? Unlike GSM which has stages ranging from 0 to 6, securities shortlisted under ASM have 2 stages: Initially. S&P BSE SENSEX - India's Index the World Tracks. Accordingly, the list of securities undergoing IRP as per IBC shall be available on the exchange's website. Under IRP, an interim resolution professional is appointed with the power to take charge of the company which has defaulted.