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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 Of the CIRPS closed, 617 have been closed on appeal or review or settled; 411 have been withdrawn; and 348 have ended in approval of the resolution plan, till March 2021.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
 

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Financial Creditors could resolve USD 7-8 Bn via Insolvency and Bankruptcy Code in FY22
 

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Banks identify NPAs worth USD12 Bn to be transferred to NARCL in initial phase
 

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Cheque bounces hint at asset stress at NBFCs
 

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Banks, asset managers want RBI to allow sale of fraud loans to ARC
 

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Near-resolution assets may not go to bad bank amid Covid-19 pandemic
 
 

Stressed Assets Overview
 

Unique Cases Filed 4376

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Cases filed by Sector - Percentage
 
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Cases filed by Sector - Numbers
 
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Status Of Cases Under CIRP

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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
 
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Jaiprakash Associates lenders make fresh loan recast bid
 
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Mantra Property and Solitaire submit bids to acquire realty firm DS Kulkarni through insolvency
 
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Suraksha group sweetens offer for Jaypee Infra
 
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Lenders will call for fresh bids for Lavasa Corporation
 
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Lenders plan to club USD 4 Bn loans to KSK Energy Venture Group for quicker resolution
 
 
 

New Opportunities
 

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RADIUS ESTATES AND DEVELOPERS PRIVATE LIMITED


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SDS INFRATECH PRIVATE LIMITED


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AHITRI SPINNING MILLS PRIVATE LIMITED


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SINTEX INDUSTRIES LIMITED


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CLARION TOWNSHIPS PRIVATE LIMITED


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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.

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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