Introduction

India faces a yin and yang situation with regard to its stressed assets problem. With bad loans in the ballpark of $200 billion, the situation appears grim. But the worst may be over, with the ratio of non-performing assets (NPA) declining at the fag end of 2018 and projected to shrink further this year.

Three years after the Insolvency and Bankruptcy Code -- the country’s bankruptcy law -- came into effect, more than 2,000 cases have been admitted into the corporate insolvency and resolution process. More than half of these cases remain unresolved. The vast majority have ended up in liquidation, with resolutions achieved only in around 5% of cases.

Participants in the ecosystem acknowledge that a beginning has been made, but feel that some fine-tuning is required to generate better outcomes. Nevertheless, stressed assets continues to be a lucrative segment -- not just for strategic buyers looking at attractive assets that have been shrouded under the cloud of debt, but also for financial investors.

To assess the progress of the bankruptcy law, structures and strategies being adopted by buyers as well as emerging challenges, Mosaic Digital, the corporate banner behind VCCircle, is organising the third edition of its Stressed Assets Investment Summit on August 8, 2019 at Taj Lands End Hotel in Mumbai.


Agenda

08:30 am - 09:40 am
Registration & Networking

09:40 am – 09:50 am
Opening Address

By Jaideep Mehta, CEO, Mosaic Digital

09:50 am – 10:00 am
Special Address

By Shardul S. Shroff, Executive Chairman, Shardul Amarchand Mangaldas & Co.

10:00 am – 10:45 am
Panel Discussion: Taking stock
Almost everyone acknowledges that the current norms and systems are not enough. What amendments still need to be made to the bankruptcy law? Is the system infrastructure strong enough to handle the number of cases, and if not, how can the number of key participants including insolvency resolution professionals be boosted?

Shantanu Nalavadi, Managing Director, India Resurgence Fund (IndiaRF)
RK Bansal, MD and CEO- Distressed Assets Resolution Business, Edelweiss Asset Reconstruction Company
Venkattu Srinivasan, President – Asset Reconstruction and Structured Credit, and member of Group Management Council, Kotak Mahindra Bank
Moderator: Beena Parmar, Special Correspondent, VCCircle

10:45 am – 11:30 am
Panel Discussion: Flying under the radar
All eyes have been focused on the showcase 12 large debtors and the other large corporates neck-deep in debt. But a growing number of mid- and small-sized companies are also coming under the stressed assets radar. Are there enough suitors for these assets or will a sizeable chunk of them end up in the liquidation trench? Will lenders to these companies by default have to take a larger haircut to yield a resolution?

N.S. Rao, Partner, Brescon & Allied Partners LLP
Rahul Chawla, Head - Global Credit Trading, Deutsche Bank India
Moderator: Bruhadeeswaran R, Assistant Editor, VCCircle

11:30 am – 11:45 am
Networking over Tea/Coffee

11:45 am – 12:30 pm
Panel Discussion: Which model is working for PE investors?
A few private equity firms have partnered with strategic buyers to tap into the stressed assets opportunity. Some are viewing the market with the lens of an asset restructuring company. Yet, others are adopting a vanilla approach with a stressed assets fund or eyeing exposure via their existing blind pool funds. Which model is bearing fruit? What are the learnings to date? What other structures can we expect going forward?

Kalpesh Kikani, MD and Senior Partner, AION Capital
Anurag Das, Managing Director & CEO, International Asset Reconstruction Company
Moderator: Ranjani Raghavan, Associate Editor, VCCircle

12:30 pm – 01:00 pm
Face Off: Is IBC the best bet?
From duration to quality of data, a mixed picture has emerged in terms of experiences between resolution of cases within and outside the IBC framework. How will things pan out going forward as stakeholders balance the need for maximum value generation with speedier resolution?

Ravi Chachra, Executive Chairman, Eight Capital Management
Abizer Diwanji, Partner & National Leader – Financial Services and Restructuring & Turnaround Services, Ernst & Young LLP
Chairperson: Anoop Rawat, Partner, Shardul Amarchand Mangaldas & Co.

01:00 pm – 01:05 pm
Closing Remarks

01:05 pm - 03:00 pm
Networking Lunch & Close of Conference


Speakers

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Shardul S. Shroff

Executive Chariman, Shardul Amarchand Mangaldas & Co.
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RK Bansal

MD, and CEO- Distressed Assets Resolution Business, Edelweiss Asset Reconstruction Company
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Ravi Chachra

Executive Chairman, Eight Capital Management
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Kalpesh Kikani

MD and Senior Partner, AION Capital
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Abizer Diwanji

Partner & National Leader - Financial Services and Restructuring & Turnaround Services, Ernst & Young LLP

Our Sponsors & Partners

Session Partner
Brand Partner

Want to be part of it?

VCC Events opens up the avenues for participation. Join hands to be a part of India’s largest gathering of alternative investments leaders, industry stakeholders and Asia’s influential limited partners, general partners and marquee advisors. Your chance to actively participate and augment yourself as thought leaders.


Venue :

Taj Lands End, Mumbai

Date: August 08, 2019


Do you have any queries?

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