Past Event: Friday, July 9, 2021

The revival of Indian economy in the post-pandemic scenario is heavily reliant on a healthy banking sector. Rising non-performing assets (NPAs) is the biggest challenge to the sector. Recoveries from personal guarantors and their assets globally has the potential to materially aid the reduction in NPAs and freeing capital. The proposed setting up of the National Asset Reconstruction Company (NARC) will further assist in such endeavours.

Grant Thornton, in association with Cyril Amarchand Mangaldas, is organising a webinar – NPAs & Global Asset Recovery: Will personal guarantees and NARC help unlock the money trail?

The webinar will feature two panels where experts will delve into personal guarantee issues around global asset recovery and how the setting up of the new NARC in India can help banks with getting their bad loans book in order.

Key discussion points

  • Personal and corporate guarantee enforcement and asset recovery across international borders and jurisdictions
  • Learnings from global case studies and discussions on past experiences from a legal and procedural perspective
  • Role of NARC to takeover stressed assets of lenders and helping Indian banks in reducing their bad loans book
  • Sharing success stories and best practices from Ireland and other global jurisdictions

Panel 1

Nick Wood
Partner, Recovery & Reorganisation
Nick Wood

GT UK LLP

Dhananjay Kumar
Partner, Restructuring & Insolvency
Dhananjay Kumar

Cyril Amarchand Mangaldas

Salee S Nair
Deputy Managing Director, Stressed Assets Resolution Group
Salee S Nair

State Bank of India

Ashish Chhawchharia
Partner, Recovery & Reorganisation
Ashish Chhawchharia

GT Restructuring Services LLP

Panel 2

L Viswanathan
Partner (Chair – Finance, Projects & Insolvency)
L Viswanathan

Cyril Amarchand Mangaldas

Nicholas O’Dwyer
Partner, Financial Services Advisory
Nicholas O’Dwyer

GT Ireland

Sunil Mehta
Chairman & Managing Director
Sunil Mehta

SPM Capital Advisers Pvt. Ltd.

Siddhartha Nigam
National Managing Partner, Client & Markets and Growth
Siddhartha Nigam

Grant Thornton Bharat