2. Kochi Metro Rail Ltd. (KMRL) and Steel Authority of India Ltd. (SAIL) had entered into a business contract to complete certain works. The contract contained a force majeure clause. The works is to be completed on 15th September 2018; however, there are two incidents which have stopped the works: (i) Labour strike in KMRL in July 2018; and (ii) Floods that affected Kerala in August 2018 and its immediate effect. The contract could not be completed and both parties are seeking compensation for the delay and non-completion of contract. Discuss with reasons whether KMRL or SAIL is supposed to pay compensation in this scenario. (10 marks) \"Insolvency and Bankruptcy Code, 2016 has been very crucial for corporate entities especially corporate debtors.\" Explain this statement in the light of process for resolution process (Corporate Insolvency Resolution Process) and discuss whether related parties must be included or not in the committee of creditors (10 marks). 3. "One of the fundamental features of the Insolvency and Bankruptcy Code, 2016 is that it allows creditors to assess the viability of a debtor as a business decision, and agree upon a plan for its revival or a speedy liquidation." Explain the procedure involved under Insolvency and Bankruptcy Code, 2016.1. \"An act of a business partner which is done in the ordinary course of business of the partnership rm will bind the firm and its partners jointly and severally.\" Explain this statement in the light of Indian Partnership Act, 1932