"The extended lockdown across the world due to the COVID-19 pandemic has significantly impacted economies around the globe. The US and Europe are witnessing an upsurge in the number of corporate bankruptcies filed, due to extended lockdown in COVID-19. The scenario would have been no different in India if the Government had not suspended bankruptcy proceedings for one year.", Mr. Nilaya Varma, The author is the Co-Founder & CEO of Primus Partners. With a career spanning of about 25 years, he has led large transformation programs and worked with governments in more than 20 countries.