Covid 19 And Force Majeure

Around the world, as events have been canceled, restaurants and businesses shuttered. The outbreak of COVID-19 is no new news. It’s existing in the world economy from the past six months or even more, but India strictly observed the precautionary steps by implementing lockdown since March 2020. COVID-19 has not only affected the economy but its later effects include the “Impossibility of Performance of Contract.” Lockdown leads to a temporary shutdown of business intra-state, interstate, and foreign trade as well.

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