The COVID-19 pandemic has completely changed the economic landscape in India as well around the globe. The government's response to the COVID-19 pandemic has been to adopt timely and targeted measrues to support the economy. For businesses, these are challenging times and they have to reorient and adapt to a new normal. A persistent question arises as to how should the Indian legal and regulatory framework governing businesses be reworked to safegaurd against the fallout from COVID-19?