trouble in viewing?   view in browser   India's Stressed Asset Opportunities       Expert Speak "If the success of Insolvency and Bankruptcy Code has to be determined, then the kind of paradigm shift IBC has brought in the debtor-creditor relationship should be the benchmark. These five years have been a learning experience — for resolution professionals, NCLT themselves, members, committee of creditors, lenders, and borrowers.” Mr. Rajnish Kumar Chairman, State Bank of India           Sector Insights The Insolvency and Bankruptcy Code (IBC) has completed a successful 5-year journey since enactment. The Code, a transformational piece of legislation, has undergone various amendments in a short span of time. This reflects the responsiveness of the government to balance out business with the economics and make the Code efficient. These changes are in the line with improving the ease of doing business in India and improving recovery rates under the Code. Since the Code came into effect in 2016, the Corporate Insolvency Resolution Process has commenced for 4,376 companies. Of these, the process has successfully concluded for 2653 companies. Of the CIRPS closed, 617 have been closed on appeal or review or settled; 411 have been withdrawn; and 348 have ended in approval of the resolution plan, till March 2021. The government has been pro-active towards addressing concerns that have emanated due to the pandemic. Several measures have been announced to address the Non-Performing Assets of banks, including the launch of pre-packaged insolvency resolution plans for MSMEs and the setting up of a Bad Bank for stressed assets. A combination of these initiatives is making the Indian stressed assets sector even more attractive for investors around the world.         In the News   Financial Creditors could resolve USD 7-8 Bn via Insolvency and Bankruptcy Code in FY22   Banks identify NPAs worth USD12 Bn to be transferred to NARCL in initial phase   Cheque bounces hint at asset stress at NBFCs   Banks, asset managers want RBI to allow sale of fraud loans to ARC   Near-resolution assets may not go to bad bank amid Covid-19 pandemic     Stressed Assets Overview   Unique Cases Filed 4376   Cases filed by Sector - Percentage     Cases filed by Sector - Numbers     Status Of Cases Under CIRP     Success Story   Target Company : Dewan Housing Finance Limited (DHFL) Acquired by*: Piramal Capital and Housing Finance (Piramal Group) Acquisition* amount: ~ USD 5 Bn ( * Investment scheme approved by NCLT ** Proposed investment amount)       Deals in the Making   Jaiprakash Associates lenders make fresh loan recast bid   Mantra Property and Solitaire submit bids to acquire realty firm DS Kulkarni through insolvency   Suraksha group sweetens offer for Jaypee Infra   Lenders will call for fresh bids for Lavasa Corporation   Lenders plan to club USD 4 Bn loans to KSK Energy Venture Group for quicker resolution       New Opportunities   RADIUS ESTATES AND DEVELOPERS PRIVATE LIMITED SDS INFRATECH PRIVATE LIMITED AHITRI SPINNING MILLS PRIVATE LIMITED SINTEX INDUSTRIES LIMITED CLARION TOWNSHIPS PRIVATE LIMITED HEMA ENGINEERING INDUSTRIES LTD     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. 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, click here.