The Bankruptcy Bill proposes a time-bound framework for sick entities to decide whether they should be liquidated or revived
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Image: Radious Image / Corbis |
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n september 2009, when Ishita Swarup launched her online flash sales portal 99labels, the market was exciting. She was pioneering a new business model in the nascent ecommerce sectorgiving heavy discounts to subscribed members.
But within four years, the flash sales model lost favour. By the time we went in for the third round of funding in 2013, the scenario became bearish. We couldnt raise any fresh funds and had to stop operations, recalls Swarup, 48, who now runs 9rasa, a Delhi-based Indo-Western clothing label for wom…
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