Govt proposes to fast-track insolvency resolution for startups – Moneycontrol.com
The government plans to put in place a fast-track resolution process for startups and small companies under the Insolvency and Bankruptcy Code. Looking to provide a faster exit mechanism for certain class of entities, the Insolvency and Bankruptcy Board of India (IBBI) has come out with draft norms in this regard. The proposal is to…