On Monday, the Indian economy took its tentative first steps to emerge from its month-long deep freeze. Businesses will now aim to bounce back from the battering their cash flows and balance sheets have taken these past several weeks.
But, the ongoing public health imperatives require that the opening of businesses be partial, with necessary measures such as social distancing in place.
For individual businesses, recovery will likely be gradual. As businesses get back on their feet, it is imperative that they be protected from being knocked right back by a spate of proceedings started by creditors, operational and financial.