trouble in view?   view in browser   India Stressed Asset Opportunities       New India- Enhancing EoDB in Stressed Assets Opportunities Stressed assets in India are witnessing interest from major investors across the world as quality assets are now available at attractive prices. In a move to enhance the Corporate Insolvency Resolution Process (CIRP), RBI Governor Mr. Shaktikanta Das met senior officials of public and private sector banks to discuss progress of the implementation of resolution framework for COVID-19 related stressed assets. The Government of India has been taking progressive steps to facilitate investments in stress segments such as infrastructure, construction, mining, metals, and gems & jewellery. Due to continuous reforms and proactive initiatives taken by the government, India is now amongst the best performing countries in South Asia in handling insolvency cases and achieving high recovery rates. The Ministry of Corporate Affairs (MCA) has extended the suspension of insolvency proceedings initiation against corporates for debt defaults by another 3 months from 25th December 2020 to 25th March 2021. With the recent extension, the government has been able to ensure that any corporate debt defaults arising between 25th March 2020 and 25th March 2021 will remain outside the IBC.           Highlights   New public holding rule for Companies under insolvency   Investors continue to show interest in acquiring assets undergoing insolvency proceedings   Cabinet approves merger of Lakshmi Vilas Bank & DBS Bank India limited         Snapshot   Unique Cases Filed 4008   Cases filed by Sector - Percentage     Status Of Cases Under CIRP     Success Story   Company : Reliance Infratel Acquired by: Reliance Industries Limited (Jio) through its subsidiary Acquired for: USD 3 Bn     In the News   NCLT allows plea for private sale of ABG shipyard assets   JSW Steel sweetens offer by USD 54.5 Mn to close Bhushan Power deal   60 companies submit bids for Reliance Capital's asset monetisation   Bankruptcy court admits insolvency plea against Ahmedabad-based Bansal Multiflex     Select New Opportunities   SINTEX-BAPL LIMITED SWASTIK COAL CORPORATION PRIVATE LIMITED Mehta & Associates Fire Protection Systems Private Limited NARMADA CEREAL PRIVATE LIMITED DIVYA JYOTI INDUSTRIES LIMITED ROSHAN FRUITS INDIA PRIVATE LIMITED     Contact Us Invest India’s Financial Investors Initiative has been set up with the objective of facilitating greater allocation of capital to India by Limited Partners and increased deployment by General Partners. The team works with investors to identify investment opportunities, undertake policy advocacy, and facilitate resolution of issues at different stages of investment. 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.