The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur


  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Business

Prepare proper Restructuring plan of debt to revive businesses

by TLN Team October 29, 2020October 29, 2020
written by TLN Team October 29, 2020October 29, 2020
Prepare proper Restructuring plan of debt to revive businesses
Restructuring is not a blanket permission but enterprises have to prepare proper & classic restructuring plan of debt to ensure adherence to conditions precedent & subsequent said restructuring expert CA Sunil Pandey ,Mumbai while addressing a webinar on Debt Restructuring & One Time Settlement(OTS)organized by COSIA,Vidarbha.
He further said that proper assessment of identifying concession should be made which could be asked from bank in restructuring of existing & fresh limit if any.Presently there are three options under Restructuring viz. Re-schedulement, Restructuring & One time Re-structuring.He further said that now that the  moratorium period has ended ,the unit will have to pay principal plus interest and this will be the testing time for its liquidity management.
He visualized different situations of the units wherein business is struggling to revive,creditors are following up  vigorously, threatening also for which fresh funding to support the working capital cycle may be required.He also discuss the various modalities about different restructuring & settlement schemes.
CA Julfesh Shah,Vice Chairman,COSIA said that due to pandemic businesses are struggling to revive & this may lead to slippages in bank loans.The expected slippages are on account of the retail, agricultural sector, and small business loans that may not be able to meet the criteria laid down under the one-time restructuring framework announced by the Reserve Bank of India.While the growth in corporate credit is low in the current fiscal, the same in retail and small business loans is expected to be higher,Mr Shah added.
In July’s Finacial Stability Report, the RBI showed that the gross NPA ratio of all SCBs may increase from 8.5 per cent in March 2020 to 12.5 per cent by March 2021 under the baseline scenario &  if the macroeconomic environment worsens, the ratio may further escalate to 14.7 % under the severely stressed scenario.Hence updation regarding debt restructuring is very vital to meet this challenges.
At the outset,Shri Mayank Shukla,Chairman COSIA Vidarbha welcomed the speakers & said that particularly in Vidarbha region the number of stressed loans are increasing & it is the need of the hour to get themselves proper restructuring treatment so that they can move ahead smoothly in these turbulence times.Hence COSIA took the initiative on this front & organised this webinar to get directly connected with the experts of this field.He also appreciated the support of the team COSIA & thanked the participants for their overwhelming response to all the  programs that are being organised by COSIA.Shri Pranav Ambaselkar coordinated the proceedings & conducted the Q & A session.
0 comment
FacebookTwitterLinkedin
TLN Team

previous post
Nagpur reports 324 fresh COVID cases, tally reaches 94,899
next post
NDS recovers Rs 1,41,500 fine for not wearing mask

You may also like

CAIT WELCOME SC ORDER ON GST BUT SAYS...

May 20, 2022

VTA meets DCP Traffic on speed-limit challans &...

May 20, 2022

Sensex dives 1100 points, Nifti below 15,950 points

May 19, 2022

Action taken against 31 businessmen  for selling products...

May 17, 2022

Rupee hits all-time low against Dollar

May 17, 2022

NARENDRA MODI’S GOVERNMENT WILL ADDRESS ALL GST ISSUES...

May 15, 2022

Udyamita Yatra to reach city on May 24

May 13, 2022

Swiggy shuts down Supr Daily, suspend Swiggy Genie

May 11, 2022

VIA LEW conducted seminar on “Role of Technology...

May 11, 2022

Rupee touches all-time low of Rs 77.42 against...

May 10, 2022

Trending News

  • RTMNU exam in MCQ format off-line mode

    May 20, 2022
  • Umran Malik becomes youngest bowler to take 20 wickets in an IPL

    May 19, 2022
  • Mini MBA course in just one rupee, know how

    May 17, 2022
  • Know how to block spam calls on iPhone

    May 16, 2022
  • India reeling under 50°Celsius is a matter of concern

    May 16, 2022

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

October 2020
M T W T F S S
« Sep   Nov »
 1234
567891011
12131415161718
19202122232425
262728293031  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.