trouble in view?   view in browser   India Stressed Assets Opportunities       Atmanirbhar Bharat Economic Package- MSME Provisions Over the last month, the Government of India has announced that proceedings under the IBC will be suspended for defaults that have arisen because of the COVID-19 lockdown. Furthermore, as part of the Atmanirbhar Bharat Abhiyan (Self-Reliant India Initiative), the Government has provided a liquidity boost to MSME’s, facing stress due to the COVID-19 pandemic, by extending collateral-free loans worth USD 39.7 Bn with a 100% government guarantee for a four-year term. An additional USD 2.6 Bn will also be provided to stressed companies as subordinate debt.           In The News   Banks approach MCA to expedite nod for 40 resolved IBC cases   NCLT and NCLAT cancels summer vacation to cover shortfall in working days   Debts related to Covid-19 to be excluded from default under IBC   Suspension of IBC likely to force RBI to soften its restructuring and provisioning norms to deal with stressed assets   To clear the backlog of cases at the NCLT, the Government will start identifying benches to specifically deal with Insolvency and Companies Act-related matters.       Snapshot   Unique Cases Filed 3774   Cases filed by Sector     Status Of Cases Under CIRP     Success Story   Jaypee Infratech Limited Acquired by: NBCC India Limited Bidders: NBCC India Limited and Suraksha Realty Acquired for: USD 3.1 Bn     Recent Developments   NCLT orders corporate insolvency resolution process against Eason Reyrolle   Lenders to Reliance Naval seek Expression of Interests (EoIs) for sale   Bajaj Healthcare to buy stressed assets from Saraswat Cooperative Bank for INR 61 Cr   NCLT approves IL&FS stake sale in GIFTCL to Gujarat government   NCLT approves Ebix’s revival plan for Trimax IT Infrastructure     Select New Opportunities   Nova Steels India Limited Appu Hotels Limited Jarvis Infratech Private Limited MN Takshila Industries Private Limited Morakhia Copper and Alloys Private Limited Amazing India TV Private Limited Agile International Logistics & Supply Chain Private Limited     Contact Us The Financial Investors Initiative at Invest India (National Investment Promotion & Facilitation Agency of Government of India) seeks to help investors, who are looking to leverage opportunities in stressed assets, by identifying, promoting and facilitating investor interest for resolution of insolvency financial.investments@investindia.org.in   Invest India Vigyan Bhavan Annexe, First Floor Maulana Azad Rd, South Block, Man Singh Road Area New Delhi, Delhi 110011 To unsubscribe to the newsletter, click here.