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Inox invokes 'force majeure' to stop rental payments due to lockdown
short by Krishna Veera Vanamali / on 08 Apr 2020,Wednesday
India's second-largest multiplex chain Inox Leisure has decided to invoke the 'force majeure' clause in its contracts to stop rental payments to landlords after India went into lockdown. "We have written letters to our landlords saying that there is zero income and so we are not in a position to pay rent," Inox CEO Alok Tandon said.
short by Krishna Veera Vanamali / 05:04 pm on 08 Apr
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