TIMELINES IN RESOLUTION PLAN RELAXED BY NCLT ON ACCOUNT OF COVID-19
The Adjudicating Authority found that there is no material change in the Resolution plan save and except modification/concession/relaxation in respect of time line of payment to the creditors and/ or stake holders and the relief sought appears to be genuine and bonafide. Therefore, the Resolution plan has been approved by the adjudicating authority with a modified time frame/timeline.
Read MoreHELICOPTER MONEY – Saving the Economy from Pandemic
Postulated by Friedman the term Helicopter Money is an unconventional tactic, wherein a large sum of new money, which is printed and distributed among the public to stimulate economic growth. The Author made an attempt to illustrate how Helicopter Money can save the economy from pandemic.
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