Industry Update Back
ARCs & stressed assets: Glimpse of a better tomorrow?
10-Jan-2018

The Insolvency and Bankruptcy Code (IBC) is a landmark legislation that aims to offer (i) a time-bound resolution process for stressed businesses,  and (ii) liquidation for unviable businesses to provide relief to their lenders. The act is also aimed at bolstering investor confidence by eliminating the existing complex judiciary framework and addressing the ballooning NPA situation in India in a decisive and time-bound manner. We hosted the 'ARCs and Stressed Assets Day'  to understand the challenges and progress in stressed asset resolution in India under the new regime. Several industry experts participated, including Mr Sumit Khanna (Partner & Head of Corporate Finance and Restructuring Services, Deloitte India), Mr Dhaivat Anjaria (Registered Insolvency Professional), Mr Eshwar Karra (CEO, Phoenix ARC), Mr Siby Antony (MD & CEO, Edelweiss ARC), Mr Pramod Gupta (CFO, ARCIL) and Mr Abhijeet Das (Principal Associate, Cyril Amarchand Mangaldas). We present our key takeaways.