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Mr. Nitin Jain

Partner

PGDBA (NMIMS), MBA (USA)

Insolvency Professional

Regn.No. IBBI/IPA-001/IP-P01562/2019-2020/12462

Registered Valuer

IBBI/RV/02/2019/12191

Cases being currently Handled                                                 Claim Value (Rs. Cr)

PSL Limited                                                                                                       11000+

Chahal Parivahan Pvt. Ltd                                                                                    2         

Successfully settled and case withdrawn

Wadhawan Global Hotels & Resorts Private Limited                                  57*

*Rs. 57 cr of Bank loan as on 31.3.2018. Application for insolvency-initiated u/s 9 and OC settled before admission of FC claim.                                                         

DESIGNATED PARTNER, NEW DELHI

Total-experience: 22 Years

  • Has over two decades of work experience in leading Banks and Investment Banking advisory firms.
  • Solid Experience of working in the corporate and investment banking side in multinational banks like Standard Chartered Bank and Bank of America.
  • Also, worked in ICRA Limited in the risk management advisory practice for Banks and Financial Institutions.
  • Vast experience in M&A and Equity Capital Fund Raising and has successfully completed deal closures of Rs. 4000+ cr.

Core Competence & Industry-specific experience

  • Resolution Management, Corporate Lending and Investment Banking.
  • Experience in credit risk management at Banks, mergers & acquisitions, fundraising, and managing the entire investment banking/resolution process cycle.
  • Insolvency and Bankruptcy Law
  • Multi-sector Experience – Agri, Food Processing, Automotive Ancillary, Consumer
  • Personal Products, Industrials and Manufacturing, Power Ancillary, Roads, Energy and Heavy Engineering.

Experience in restructuring & Handling of Stressed Assets

  • Successfully completed several resolution cases of NPA assets by completing One Time Settlement and thereafter resolution by either arranging funding from ARCs; and/ or Strategic Sale of the stressed assets, brand, business, etc. to Strategic Investors.
  • Handled over 100 funding raising and mergers & acquisitions cases including acquisitions by JK Group in the areas of Agri., food and automotive ancillary.
  • M&A and ARC funding completed for stressed/ NPA assets.

Experience under IBC

  • PSL Limited – Was RP in CIRP, and NCLT order sale under liquidation as a going concern and have received claims of over Rs.11,000 cr. Corporate Debtor has 4 operational plants. Have been able to turnaround the CD from loss-making to EBIDTA positive.
  • Chahal Parivahan Private Limited – Is RP, and CD is under CIRP Stage
  • Wadhawan Global Hotels and Resorts Limited – was IRP and the case was settled in CIRP
  • Also worked as a Supervisory Partner along with AAAIP Partner in the following cases :
    • Lanco Thermal Power Limited (LTPL) – Total claims received for Rs. 33,000 Crore+. Resolution Plan was approved by CoC and is pending approval of NCLT.
    • VIL Limited – Have received nearly Rs. 700 Cr. of claims from a CoC comprising 10 financial creditors. Resolution Plan was approved by CoC and is pending approval of NCLT.