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India Stressed Asset Opportunities
July 2020
 
 
 

GoI- Helping companies tide through COVID


The Government of India has announced multiple reforms to support stressed companies in light of the COVID-19 pandemic. In June 2020, an Ordinance was issued to suspend the initiation of insolvency proceedings for 6 months to shield companies impacted by the COVID lockdown.


The Securities and Exchange Board of India (SEBI) also announced relaxations in pricing methodology for preferential issues of companies having stressed assets. These eased norms exempt allottees from open offer obligations.


The reforms are expected to help stressed companies receive timely financial intervention while protecting shareholder interests and ensuring growth opportunities in the country.
 
 
 
 
 
Sector Highlights
 
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Ordinance issued to suspend Insolvency and Bankruptcy Code for six months
 
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Fund-raising rules eased for stressed companies
 
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No bar on invoking insolvency against personal guarantors: IBBI Chairman
 
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Liquidator has overriding right on company’s assets over tax department: NCLT
 
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IBBI reconstitutes advisory panel on Corporate Insolvency Resolution Process
 
 
 

Snapshot
 

Unique Cases Filed 3774

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Cases filed by Sector
 
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Status Of Cases Under CIRP

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Success Story
 

Company : Aircel Ltd.


Acquired by: UV Asset Reconstruction Company Ltd


Bidders: UV Asset Reconstruction Company Ltd and Eight Capital.


Acquired for: USD 886.6 Mn
 
 

Deals in the Making
 

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Creditors move to NCLT seeking bigger claim in Vasan Health Care insolvency case
 

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US-based firm betters JSW offer in race for Asian Colour Coated Ispat
 

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Jet Airways shortlists four potential bidders
 
 

New Opportunities
 

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GSL Nova Petrochemicals Limited


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EMTEX Engineering Private Limited


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Bourn Hall International India Private Limited


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Aditya Fabrication Private Limited


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Prayaas Packagings Private Limited


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Alucast Auto Parts Ltd


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Lanco Mandakini Hydro Energy Private Limited
 

 
Contact Us

The Financial Investors Initiative Team 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 [email protected]
 


Invest India
Vigyan Bhavan Annexe, First Floor
Maulana Azad Rd, South Block, Man Singh Road Area
New Delhi, Delhi 110011

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