INSOL India

INSOL India, a leader since 1997, shapes India's insolvency landscape through advocacy, research, and education, committed to global standards & best practices.

[INSOL India @INSOLIndia_]

Join forefront of insolvency discussions organised by #IBBI and #INSOLIndia International Conclave 2024, delve deep into insolvency regulations, learn from global scenarios, & explore alternatives to insolvency, on January 20, 2024. Early bird 15Dec'23, https://t.co/eRhmSqfXO5

[INSOL India @INSOLIndia_]

We look forward to welcoming you to the 2nd International Conclave, jointly organised by the @IBBIlive and @INSOLIndia_ , scheduled for December 7, 2024, at Le-Meridien, New Delhi _ REGISTER - https://t.co/8037HRQcOg

[INSOL India @INSOLIndia_]

15/15 14A flexible approach combined with a sense of urgency will help us get better outcomes - set against the threat of insolvency. @MCA21India @nsitharaman @IBBIlive @SumantBatra @DinkarV

[INSOL India @INSOLIndia_]

14/15 To this end, the June 7 Circular, the lender-led prepack proposal and mediation are all great ideas. @MCA21India @nsitharaman @IBBIlive @SumantBatra @DinkarV

[INSOL India @INSOLIndia_]

13/15 we need to give them the confidence that a strong & efficient stressed assets resolution ecosystem works on the ground. What is needed is a wider set of solutions around the IBC that can be deployed as per the need of the situation. @MCA21India @nsitharaman @IBBIlive

[INSOL India @INSOLIndia_]

12/15 Achieving this will not be possible only on the back of government spending or bank debt. This will need private capital – both equity and debt. And if we have to attract more private debt to fuel this growth, @MCA21India @nsitharaman @IBBIlive @SumantBatra @DinkarV

[INSOL India @INSOLIndia_]

11/15 We can be proud of the success we have achieved in razing down the mountain of NPAs but the imperative today is different. India has emerged as the fastest growing economy and has aspirations to become the third largest in the world soon. @MCA21India @nsitharaman @IBBIlive

[INSOL India @INSOLIndia_]

10/10The lenders realised that they have a superpower and can use that judiciously to act in time to resolve issues around stressed assets. As a result, NPAs today are less than 3% of the banking system. @MCA21India @nsitharaman @IBBIlive @SumantBatra @DinkarV

[INSOL India @INSOLIndia_]

9/10 More importantly, the Code has been able to make a significant change in the mindset of the stakeholders – over 26,000 cases involving over Rs 10 lac crores of default have been settled pre-admission. @MCA21India @nsitharaman @IBBIlive @SumantBatra @DinkarV

[INSOL India @INSOLIndia_]

8/10 As it stands, over Rs 3 lac crores have been realised at 32% realisation via successful resolution plans representing nearly twice the liquidation value of these businesses within an average timeframe of ~ 550 days. @MCA21India @nsitharaman @IBBIlive @SumantBatra @DinkarV

[INSOL India @INSOLIndia_]

7/10 Within a very short period of time, a wholesome ecosystem comprising the ever-vigilant regulator IBBI, a cadre of over 4,000 resolution professionals, over 20 NCLT benches were up and running – and making sure that the IBC was a runaway success.@MCA21India @nsitharaman @IBBI

[INSOL India @INSOLIndia_]

6/10 and put a nascent law to work with the largest and most complex cases. The implementation of the law was backed by the judiciary and the law was constantly refined to remove roadblocks.@MCA21India @nsitharaman @SumantBatra @IBBIlive @DinkarV

[INSOL India @INSOLIndia_]

5/10 In the first few months, the lenders were hesitant to drag businesses into insolvency. The Government alongwith the RBI came up with list of Top 12 (DirtyDozen) and then the Next 28 – together comprising nearly 40% of the NPAs @MCA21India @nsitharaman @IBBIlive @SumantBatra

[INSOL India @INSOLIndia_]

4/10 Failing which, the company would be pushed into liquidation & sold on an as-is basis. @Dinkar Venkatasubramanian President INSOL India, stated “I have never seen any law, let alone an economic law, enacted and implemented with such speed in India before or since.”@MCA21India

[INSOL India @INSOLIndia_]

3/10 And the trigger for the same was a confirmed default of an amount as low as Rs 10 lacs (later revised to Rs 1 crore). The ask was for a revival solution to be identified and implemented within a maximum of 6-9 months @IBBIlive @MCA21India @nsitharaman @SumantBatra @Dinkar V

[INSOL India @INSOLIndia_]

2/10 The law was intended to be a time bound law that will place the control firmly in the hands of financial creditors owing to the inability of the owners to keep the corporate debtor solvent. @IBBIlive @MCA21India @nsitharaman @SumantBatra @Dinkar Venkatasubramanian

[INSOL India @INSOLIndia_]

1/10 The twin-balance sheet crisis was a real blow- hampering India's growth in the mid 2010s.The Insolvency & Bankruptcy Code, 2016 was enacted in May 2016. @IBBIlive @MCA21India @nsitharaman @SumantBatra @DinkarVenkatasubramanian

[INSOL India @INSOLIndia_]

Join us to insightful session "Out of Court and Hybrid Mechanisms of Restructuring" featuring Mr. Abizer Diwanji, Head of Financial Services at EY. Join us to explore the future of insolvency at the International Conclave on January 20, 2024.Register now: https://t.co/eRhmSqfXO5