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India Stressed Asset Opportunities
 
 
 

Expert Speak


"Three things are clear now. First, the Supreme Court cleared the haze around moratorium on loans. Second, the suspension on initiation of corporate insolvency proceedings in respect of COVID-19 defaults expired on 24th March 2021. Third, the COVID-19 has become 'new normal' for business. Thus, normalcy is restored as regards resolution of stress under the Code"
Mr. M.S. Sahoo
Chairman, Insolvency and Bankruptcy Board of India

 
 
 
 
 

Sector Insights


The corporate insolvency resolution process was suspended in March 2020 to protect firms from being dragged into the insolvency process for potential defaults due to COVID-19 related shutdowns.


After a year of relevant provisions being suspended, fresh proceedings under the Insolvency and Bankruptcy Code (IBC) can now be initiated. Certain provisions under the Code, which provide for time-bound and market-linked resolution of stressed assets, are now available again starting March 24, 2021.


Further, as organisations now adapt to the ‘new normal’, it has become important to ensure lucrative deals within the stressed assets sector. 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- thus making it an attractive market for global investors.

 
 
 
 

In the News
 

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RBI opposes fresh insolvency freeze
 

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Government amends insolvency laws, introduces pre-packaged resolution process for MSMEs
 

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Big opportunity for investing in India’s private credit market
 

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Supreme Court has ruled that grantors for loans are liable under IBC proceedings
 

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Economic Survey 2021: Recoveries under IBC highest among all debt recovery methods
 
 

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 : Nagarjuna Oil Corporation


Investor: Haldia Petrochemicals


Investment Amount **: ~ USD 6.5 billion


( * Investment scheme approved by NCLT ** Proposed investment amount)
 
 
 
Deals in the Making
 
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NCLT admits insolvency plea against Wizcraft
 
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Lenders, homebuyers ask Suraksha Group to improve bid for Jaypee Infratech
 
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Srei Equipment Finance (SEFL) gets Expression of Interest from Cerberus Global Investments
 
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NCLT admits insolvency petition against textile company Sintex Industries
 
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NCLT initiates insolvency proceedings against Ahluwalia Contracts
 
 
 

New Opportunities
 

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MCNALLY SAYAJI ENGINEERING LIMITED


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MERCATOR LIMITED


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TIERRA FOOD INDIA PRIVATE LIMITED


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SURYA EXIM LIMITED


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TALWALKARS BETTER VALUE FITNESS LIMITED


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MUSADDILAL JEWELLERS PRIVATE LIMITED


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SHAMBHU TEXTILES MILLS PRIVATE LIMITED


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GREATWELD ENGINEERING PRIVATE LIMITED
 
 
  FUND IN FOCUS  
 
 


JC Flowers India Opportunities Fund


J.C. Flowers has partnered with Eight Capital to raise a USD 500 million fund - the J.C. Flowers India Opportunities Fund (JCF Fund). The Fund will mobilize capital from local and international investors to invest in mid-size corporate distressed assets in India by making for-control investments. International Finance Corporation (IFC), the investment arm of the World Bank, has already committed USD 100 million towards the fund.


J.C. Flowers


J.C. Flowers is a U.S. based private equity firm with deep global distressed assets investment experience in financial services. So far, J.C Flowers has invested more than USD 16 billion in 58 companies across 18 countries, including U.S., U.K, Germany, Japan and India. The firm currently has about USD 6 billion in assets under management.


Eight Capital


Eight Capital invests in distressed and special situation opportunities in India. As of June 2020, it has provided turnaround capital of over USD 500 million to companies with stressed balance sheets in the country. Eight Capital has co-invested with global investors such as Apollo, D.E Shaw, Spinnaker Capital, Atlas Capital, and J. Goldman & Company.


For more details: Click Here

 
 

 
Contact Us

Invest India’s Financial Investors Initiative team 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.

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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