Payment Defaults During Covid -19 & Consequences

May 7, 2020

COVID 19 pandemic has dipped the global economy into a dark pit. Lockdown has further resulted in operational shutdown and huge liquidity crisis. Current crisis, may worsen position of India Inc., who may face the deadline for redemption of debentures or preference shares, payment of interest or dividend or repayment of loan etc. In this presentation, we have discussed consequences of default of various payment obligations and possible solutions available.

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