Institute of Law, Nirma University
Sarkhej-Gandhinagar Highway,
Post: Chandlodia, Via: Gota,
Ahmedabad – 382 481
7600377946, 7226060459
centre.corporateresearch@nirmauni.ac.in
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By Khyati Sharma , 4th year student, Institute of Law, Nirma University As every person engaged in business activities was aiming to expand their horizons of profit-making, the economy of the whole world had to bear the brunt of COVID-19 crisis. The stock exchanges worldwide were hit so hard that the people who invested money had to incur huge losses. Thousands of people in the world died due to this pandemic. Many COVID-19 affected countries had to implement lockdown to protect the remaining population. Hence, all the business activities like factories, industries, shops etc. had to be closed down, all of which led to an irreparable loss. This unimaginable cataclysm was beyond the control of humans. Undoubtedly, the national as well as international business was severely affected. Therefore, to support the entities doing business, the Indian government had to introduce an IBC Amendment Ordinance 2020 as a relief measure in this urgent situation. There are various aspects in this am
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