Application for Fast Track Corporate Insolvency Resolution Process can be made in respect of ‘Startups’: MCA [Read Notification]

Startup - NCLT - IBC - Corporate Insolvency Resolution Process - Startups - MCA - TAXSCAN

In a significant move, the Ministry of Corporate Affairs (MCA) has notified that an application for fast track corporate insolvency resolution process may be made in respect of start-ups defined in the notification of the Government of India in the Ministry of Commerce and Industry. As per a notification issued in July 2017, the Ministry stated…

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