Legal battles escalate after Corona: Demand for experts increases

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Mumbai, Ta. 25 December 2020, Friday

In view of the possible escalation of legal battles in the post-Corona era, companies from small to large in various fields are strengthening their legal departments and recruiting experts in legal maneuvers.

Corona has led to decisions on bank loan repayments such as moratorium, one-time loan restructuring, work from home, new labor code. These decisions do not rule out the possibility of legal disputes between the government and companies and between companies and their employees.

The research firm's report said that the recruitment of experienced legal experts in the country's small to large industrial companies is opening up.

The filing of new cases under the Insolvency and Bankruptcy Code (IBC) 2018 to recover money from defaulting companies is currently on hold.

As this decision is to continue till March 8, 2021, there is a possibility of legal dispute between the banks and the borrowers regarding the proceedings to be started after that.

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