This program is being organised in association with the World Bank Group.

Objective

The management and resolution of large volumes of distressed assets poses considerable challenges to lenders and as such needs setting up an operational framework covering various aspects of resolution/recovery/workout process. The Insolvency and Bankruptcy code (IBC) introduced in May 2016 has been a game changer in the resolution of NPAs in India because it provides a framework for time bound insolvency resolution. Resolution of NPAs are also being attempted outside the IBC mechanism by way of Bank Led Resolution Approach (BLRA) and the proposed AMC/AIF approach (under Sashakt) in partnership with Asset Reconstruction Companies (ARCs). This program would discuss several key features of these frameworks, including by drawing on international experiences

Broad topics to be covered in the program:

• Review of Distressed Asset Trends in India.
• Recognition and resolution of distressed assets.
• Distressed assets - accounting, provisioning, restructuring, latest global policy/regulatory trends, impact of IFRS 9.
• Management of distressed assets – case-by case corporate restructuring, restructuring of SME loans, collateral valuation and its impact on distressed asset development.
• Distressed asset disposition, developing the market, types of players.
• India’s legal and regulatory environment, out-of-court resolution, vigilance, ideas for further improvements.