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DPIIT-recognised startups can wind up in 90 days vs the standard 1-2 year process under Insolvency and Bankruptcy Code 2016.
Startup fundraising · Startup Tax Benefits
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DPIIT-recognised startups can wind up in 90 days vs the standard 1-2 year process under Insolvency and Bankruptcy Code 2016.
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Mediator appointed under IBC Fast Track Corporate Insolvency Resolution Process. Founder can exit without being trapped in a failing venture for years. This matters for investors too, easier exit path from failed bets = investors more willing to fund early-stage.
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General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.