Tag: Startups
October 14, 2017
Corporate Law
Corporate Law
Fast Track Insolvency Resolution Process for Start-ups
While 2015 was a year of big-ticket funding rounds, 2016 is a year that was harsh reality for India’s startup ecosystem: 212 start-ups did not survive to see 2017. Majority of start-ups fail, making investing in start-ups risky for investors. In a bid to ease recovery of dues from start-ups and enable faster exit, on June 14, 2107 the Central Government notified the provisions of the Fast Track Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016....