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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

contact 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

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