"Investors could have veered Stayzilla towards mediation"

IPEVCA Chairman Gopal Srinivasan today said the institutional and angel investors could have veered Stayzilla towards mediation, rather than take an intransigent position of insisting on a settlement or apology, in landing the dispute in right direction.

"There were options available which could have been used in landing the dispute in the right direction.. The provisions of Bankruptcy Code could have been taken advantage of," Srinivasan told

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