Ravi Gosain, MD, Erco Travels, has said that with moratorium limit ending on 31st August, many travel companies must shut down. “Situation is very unfavourable for tourism industry. On 31st August, moratorium is ending, and most of the people, whether employees or employers took a moratorium and were expecting that something will roll out. However, things haven’t improved. From September onwards, I don’t think companies of any size are able to pay a single bill. Hence, this will be a huge setback. Hence, I am sure there will be many bankruptcies after this moratorium has ended,” he shared.