Launch of IBC Advisory Service by FRP Advisory Jointly With
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TRC Corporate Consulting
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Launch of IBC Advisory Service by FRP Advisory Jointly With TRC Corporate Consulting
MUMBAI, November 24, 2017/PRNewswire/ -- TRC Corporate Consulting Pvt. Ltd. has launched IBC Advisory Service in association with FRP Advisory LLP, which is a UK-based firm. FRP is one of the largest mid-market specialist Insolvency, Independent Restructuring and Recovery firms in the UK handling more than 150 insolvencies every year. FRP Advisory has 44 partners operating from 18 offices in the United Kingdom. With the expertise of 250+ professional staff, having such elaborate expertise in the subject matter, FRP creates enormous value for the Insolvency business in India.
TRC and FRP Advisory, UK hosted a Seminar on Insolvency & Bankruptcy Code, 2016 in Mumbai and New Delhi on the 16th and 17th of November, 2017 respectively. The event was attended by various bankers of nationalized, private and foreign banks and ARCs. SNG & Partners, legal advisors on this project presented on the challenges being faced by the IPs from a legal perspective. FRP Advisory shared their experience from the UK Insolvency regime elaborating on practical aspects and challenges that they face in the cases they handle. The presentations were followed by a round of Q&A, where various issues were discussed by Lenders and ARCs such as: Interim Finance - perspectives of the UK regime, deficiencies in the IBC regime and issues faced by IPs; Cross-Border Resolutions; Issues of Home Buyers; Importance of Information Utilities; Issues due to Stringent timelines in the Code, etc.
Key highlights and points of discussion during the Seminar:
The IBC Code and the market size of 'Insolvency Segment' in India
The Indian Bank System has bad loans amounting to approx. INR 10,00,000 Crores. Now, with the RBI's directions and norms along with the introduction of the Insolvency & Bankruptcy Code, 2016, lenders now have to make serious efforts towards resolution of these bad loans. Reasons for Tie-up with the UK-based firm
India's Insolvency Code has been broadly adopted from the UK Insolvency regime, due to which it is a strategic advantage for TRC to tie-up with one of the largest players in the UK TRC, having domain knowledge of the Indian industry and specially stressed assets and FRP having deep domain knowledge of the insolvency practice shall result in an integrated player for giving desired deliverables to the lenders and stakeholders. About TRC Consulting
TRC Corporate Consulting (TRC Consulting) is a sector neutral consulting organization having pan-India presence. TRC Consulting is extensively engaged in carrying out Valuation Services, Transaction Advisory Services, IBC Advisory Services, Forensic and Investigations, etc.
For more information about TRC Corporate Consulting Pvt Ltd, please visit: Website: http://www.trcconsulting.org Facebook: https://www.facebook.com/TRCCorporateConsulting
For more information about FRP Advisory LLP, please visit: https://www.frpadvisory.com/
Media Contact: Annie Manjuran [email protected] +91-7666219686 TRC Corporate Consulting Pvt Ltd
Source: TRC Corporate Consulting Pvt Ltd
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