In the background of the pandemic, depressionary economic forces have suffocated numerous industries, pulling back a curtain on how fragile, intertwined and financialized the Indian economy is.

Special Purpose Vehicles a catchphrase during the financial crisis of 2008 has assumed centre stage as companies and financial institutions scramble for monies in a contracted economy in the wake of the COVID-19 pandemic.

Mumbai, also known as the maximum city has thousands of people pouring in every day.

As companies continue to stay afloat with the aid and assistance from the government, the road to sustenance in growth in near future is riddled with challenges.

The slow-balisation of economies on the pretext of COVID-19 has adversely impacted credit delivery and asset prices depressing the flow of capital across sectors.

Corporate actions often give cues about current business health and indicate how the stock is likely to perform in near future.

Coronavirus has infected lakhs of people and likewise, the land business is not saved. In a crisis, resources and revenues drain faster than expenses.

In response to the threatening Coronavirus and Government's plead for social distancing, most companies have resorted to a ‘Work Form Home' (WFH) / Telecommuting system only to ensure continuity of business activities.

The gargantuan changes occurred in the pretext of COVID-19 reiterated the need for harmonization of regimes with commercial realities of a sinking global economy.

Amendments in Arbitration and Commercial Act is brought to clarify the situation of International Arbitration clauses and complying with the judicial directions.

Corona has caused hindrance in judicial settlement of cases as well as absolute growth of further legal disputes on account of lockdown other incidental claims.

A creditor under the Indian laws may approach several forums and/or courts so as to recover their outstanding dues.

In our previous article, we discussed at length the unexamined aspects of declaring Homebuyers as Financial Creditors under the Insolvency and Bankruptcy Code, 2016 (IBC).

Prime Minister Modi declared a nation-wide lockdown on March 25, 2020.