International Journal of Commerce and Management Research

International Journal of Commerce and Management Research


International Journal of Commerce and Management Research
International Journal of Commerce and Management Research
Vol. 7, Issue 3 (2021)

Covid-19 and financial distress


Divya Shekar Anchan, Carol Benlyn Noronha

Financial distress is a state wherein the organizations are not able to fulfill its obligations for a particular time segment. It's an indicator to the company to take a good enough degree so that you can safeguard it from being bankrupt, in fact there's a threadline distinction among being in state of distress and moving to insolvency. The recent outbreak of pandemic COVID-19 has pushed towards financial distress to many SMEs, Self-assist institutions, entrepreneurs and groups as well. This paper is an attempt to analyse the various measures that can be used as an option to come out from financial distress. Objectives  To identify the range of insolvency relief tools that exist in order to mitigate liquidity shortages and avoid unnecessary bankruptcies that may follow from the COVID-19 pandemic.  To assess the several Insolvency Provisions done by state to safeguard the industries. To identify the segments facing financial distress.
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How to cite this article:
Divya Shekar Anchan, Carol Benlyn Noronha. Covid-19 and financial distress. International Journal of Commerce and Management Research, Volume 7, Issue 3, 2021, Pages 13-15
International Journal of Commerce and Management Research International Journal of Commerce and Management Research