Govt plans to put fast-track insolvency resolution process for start-ups
The proposal is to fast-track the insolvency resolution process for three classes of entities -- start-ups, small companies and companies or Limited Liability Partnerships (LLPs).
Insolvency & Bankruptcy Board of India Chairman M.S.Sahoo addresses during an interactive session at Merchants' Chamber of Commerce & Industry (MCCI) in Kolkata on Jan 12, 2017. Photo: IANS