The purpose behind the research is to diagnose and understand the issues that are faced by the Indian Companies and how the principles of Corporate Governance can be implemented on them. Additionally, how to bring the solutions and understand the mechanisms about the Corporate Governance in India. Also, to understand the impact of Covid 19 on the Corporate Governance of the country and how the Debt Recovery Mechanism in India is disturbed due to Corona pandemic On the other hand, various initiatives taken by the Government, RBI and Ministry of Finance to combat with the devastated economy and GDP of the country. The main focus of Corporate Governance is on the rule to be followed by the Board of directors as well the internal structure of the company, the creation of the committees that will do the audit of the companies. It is a duty on the part of the corporates to protect the environment, maintain the quality of goods and services, sustainable development. Hence, the code of conduct is must to ensure such duties.