CORONAVIRUS: TURNING HEALTHY COMPANIES INTO “ZOMBIE COMPANIES”?

INTRODUCTION The Coronavirus (“COVID-19”) pandemic has adversely impacted the global economy. Business houses and companies have been affected on a large scale. On June 5, 2020, the Union Government of India, to avoid a large number of corporate insolvencies and to alleviate the distressed state of companies affected by the pandemic, promulgated1 the Insolvency and Bankruptcy (Amendment) Ordinance, 2020 (“Ordinance”) […]