Arrest of Stayzilla Founder disturbing, says industry body
Chairman of the Confederation of Indian Industry's Startup Council, Kris Gopalakrishnan has called the arrest of Stayzilla Co-founder Yogendra Vasupal over unpaid dues "disturbing". He added, "Startups which fail should ideally be treated by a separate exit/bankruptcy law or civil laws, and not criminal laws, which is also in line with the goal of Startup India."