Balancing Innovation and Protection: A Critical Analysis of India’s Insolvency Laws in the Start-Up Ecosystem
India, Dec. 18 -- India's start-up ecosystem is one of the most vibrant and innovative in the world, yet it operates under a highly complex legal framework formed considerably by the Insolvency and Bankruptcy Code2016.The IBC has been hailed for simplifying the process of insolvency procedures and further improving the position of creditors; however, its application to start-ups needs consideration in itself. It attempts to discuss the tension that arises while allowing innovation and giving robust protection to creditors with a focus on start-up needs within the framework of IBC. Start-Ups and Insolvency: Specific Challenges Asset-Light Character of Start-Ups This…
