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stylusolutions · 2 years ago

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NPA Consultants Private Limited is headquartered at Mumbai, India under the Chief Mentorship of Dr.Visswas [ B.Com, LL.B., M.A. (Eco.), A.C.S. Ph.D.(UK) ], an Ex Banker and an Advisor to All India MSME Association (AIMA) and SME Chamber of India. The Company has a dedicated team of professionals from the fields of Law, Finance and Banking and provides services to Domestic and International Companies on:

Debt Advisory

Corporate Restructuring

Mergers & Acquisitions

Private Equity

Revival of Sick Industries

Managing Corporate Litigations

img NPA Consultants specializes in NPA management and all other related matters under IBC such as CIRP process, resolution plan, liquidation process, taking over as going concern u/s 230 of the companies Act 2013, Guiding and providing ancillary services to the resolution professionals. We have about 40 resolution professionals and more than 25 legal firms associated with us. We are also advising on NPA matters to Mumbai District Central Co-operative Bank and few nationalized Banks on selective basis. Today the top Resolution Professionals carrying out the insolvency and liquidation processes for the companies in India are proud to be associated with us and are our true assets.

NPA Consultants Pvt. Ltd. is providing unparalleled services to MSME’s. While doing so, we are providing them total guidance in a pre and post NPA situation. While we educate them of their rights as a borrower and also encourage them not to get depressed in a stressed situation, we make an in depth study of their case and advise them to initiate some precautionary and corrective steps to protect them from the aggressive recovery measures adopted by the Bank. Not only that but if the client has business prospects we also facilitate in organizing business finance through alternate methods. We play a major role in arriving at an amicable settlement with the Banks which the borrowers fail to do at their level. Thus our clients get one stop solution for their Banking, Legal and Financial matters.

NPA Consultants has a team of distinguished experts from the fields of banking, legal and finance that includes Sitting Director- Reserve Bank of India, Former Managing Director- Central Bank of India, State bank of India, State bank of Hyderabad, corporation bank, Former chief General Manager of IDBI & Former General Manager of Bank of Baroda. Dr. Visswas has shared the Board with Ex-Chairman of Bank of Maharashtra, Ex Executive Director of Reserve Bank of India, Ex-Chairman Ingersoll Rand (Tata Group). Dr. Visswas has worked in close association with the General Managers of Industrial Finance Corporation of India (IFCI), Executive Directors of Industrial Reconstruction Bank of India (IRBI), Industrial Development Bank of India (IDBI), Chairman and Executive Directors of ICICI Bank and Merchant Banking Division Head of ICICI.

NPA Consultants has a young, dynamic go getter team for handling the Banking and Financial requirements of its clients. They are trained under the able guidance of Dr. Visswas and are dedicated to give qualitative & quantitative output in the given time frame. The team also comprises of Advocates and Counsels providing out of the box solutions and desired results even in the most critical cases.

The Company is also engaged in providing ancillary guidance on Valuations, Techno Economic & Commercial Feasibly Report and Assessment, Enterprise Risk Management etc.

After the introduction of The Insolvency and Bankruptcy Code (IBC) in the year 2016 the Industrial Investment in India has become more attractive and is beneficial to the industry as well as the investor. The defaulting promoters has got new avenues to come out of the problem and revive the industry. We at NPA Consultants have been successful in facilitating all stakeholders in various cases undergoing the insolvency resolution and liquidation process under IBC. NPA Consultants has been successful in effecting resolution and liquidation process to the tune of USD 100 MN in a single case.

Over the years NPA Consultants has ventured synergies with bankers and financial institutions and established direct access with the top decision making bodies in various Banks and All India Financial Institutions. It has mastered the art of getting approvals under complex banking mechanism.

Though the common goal under multiple or consortium banking cases is RECOVERY of the loan, the real challenge under CIRP or under liquidation is to bring the diversifiedly interested bankers to arrive at a common acceptable decision. The main aim at NPA Consultants is to devise and diversify the deal suiting the NPA borrowers, Banks or Financial Institutions thereby creating a win-win state for all.

We would like to mention our achievements in short as follows:

Over 20 years of experience in fields of legal, banking and finance specially NPAs.

Have advised over 2000 SMEs on various issues.

Have received hundreds of references from private, co-operative and PSU Bankers.

Size of cases handled ranges between USD 1 MN to over USD 100 MN.

We have about 40 resolution professionals and more than 25 legal firms associated with us.

Dr. Visswas has addressed various conferences, seminars organized by Trade Associations such as Maharashtra Chamber of Commerce and Indian Merchant Chambers, ASOCHAM, Indo American Chamber.

Dr. Visswas also invited on the dais to address the gatherings along with Honorable Mr. Nitin Gadkari - Minister of Micro, Small and Medium Enterprises, Mr. Shiv Prasad Shukla - the then Deputy Finance Minister, Government of India. For More Information - https://www.npaconsultant.in/company-profile

#Get Best Academic editing services #academic copy editing services

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npaconsultant-stuff-blog · 2 years ago

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Debt Advisory

Corporate Restructuring

Mergers & Acquisitions

Private Equity

Revival of Sick Industries

Managing Corporate Litigations

The Company is also engaged in providing ancillary guidance on Valuations, Techno Economic & Commercial Feasibly Report and Assessment, Enterprise Risk Management etc.

We would like to mention our achievements in short as follows:

Over 20 years of experience in fields of legal, banking and finance specially NPAs.

Have advised over 2000 SMEs on various issues.

Have received hundreds of references from private, co-operative and PSU Bankers.

Size of cases handled ranges between USD 1 MN to over USD 100 MN.

We have about 40 resolution professionals and more than 25 legal firms associated with us.

Dr. Visswas has addressed various conferences, seminars organized by Trade Associations such as Maharashtra Chamber of Commerce and Indian Merchant Chambers, ASOCHAM, Indo American Chamber.

#npa services best npa management #Best NPA Management

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norristownnews · 5 years ago

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What Is the Cheapest Way to Get Into the Legal Profession?

"What is the Cheapest way to get into law? " Entering the legal profession is without doubt one of the most expensive job options apart from becoming an airline pilot. It involves investing thousands of pounds in education that may or would possibly not lead to a position at the end of the road. Unfortunately there is no simple answer to which is the cheapest way to get in because there are actually all sorts of implications as to the different paths you choose to go down. The Legal Executive route is the cheapest option. Several people go down this particular route following on from an undergraduate degree, whether law or otherwise, or upright out of school. The Legal Executive route in terms of monetary cost is considerably cheaper than the Graduate Stage in Law/LLB degree and the Legal Practice Course (the solicitor route). We did a bit of research along with the current cost in 2013 to complete both parts of the Legal Executive training (Part 3 and A part 6) is about £6, 500 (course fees, exam fees etc .. ) The current cost of the Legal Exercise Course at the University of Law is £11, 000-£13, 000. If you combine the Graduate Diploma with Law (GDL) and the Legal Practice Court (LPC) the overall cost is about £18, 000-£20, 000. If you blend the Legal Practice Course with the cost of completing a law degree then the usual overall charge is around £25, 000 to £30, 000, which is gradually creeping up to around the £40, 000 mark since law schools start to capitalise on the willingness and ability of potential lawyers to pay. In the past people are generally down the vocational course route or alternatively the New York Attorney route, but these are options which were now in the past because, as we understand it, the Law Society still require you to complete the LPC and a exercising contract or training contract equivalent, which makes it senseless to plan to do either of these two in order to become a legal representative. So if you look at the different options, the cheapest one by far is the route through the Institute of Legal Executives and to become chartered legal executive before then either moving on to being a solicitor simply remaining a legal account manager. The various borders between all the different types of lawyer (legal executive, paralegal, solicitor and Barrister) are becoming distinctly unreadable. Solicitors can now do work that was exclusively reserved for barristers. Barristers can see clients directly. Legal middle management can gain the Rights of Audience that solicitors and barristers previously exclusively enjoyed. Legal Middle management can now become partners of law firms and so can barristers. Solicitors can practice as Advocates without truly needing to take instructions from clients themselves. However one thing remains very clear and that is that in the minds involving lawyers themselves there is still a hierarchy in terms of both fee income and status. At the bottom of the pack is a paralegal and this is very unlikely to change for a good few years yet simply because paralegals have no rights in any respect in terms of advocacy, and similarly cannot practice on their own without another type of lawyer being with them. Second in the bin are Legal Executives who are starting to enjoy more status in recent times but similarly hold lesser standing inside legal profession as a whole than solicitors and barristers. It is partly because of the old-fashioned view that most people who have end up legal executives are former secretaries trying to work their way up. this is still very much the case for a lot of and perfectly understandable as a very easy way in. After all, being a solicitor requires you to do quite a bit of instructional study at some point or other whereas becoming a legal executive is mostly something you can do on the job with a few times a week at night school or weekends at doing distance learning spread over a considerable length of time. Second from the prime are solicitors. Make no mistake, in the legal professional solicitors are definitely considered second rate by just about absolutely everyone including themselves, even when they are commercial lawyers earning considerable sums of money and more than the Barristers people instruct. Solicitors are seen more as wheeler-dealers and go-getters than actual lawyers, and the profession itself after a while has determined effectively that solicitors are the monkeys to barristers' organ grinders. At the top of the pile are definitely the barristers. The vast majority of barristers I suspect would class themselves as upper class. They are often very sharp, really intelligent, usually residing in exclusive villages or streets reserved for premier league footballers, doctors and older businessmen and with cars to match. Barristers see solicitors as a necessary evil as traditionally the solicitors get hold of clients for the barristers and the barristers did their best for them even though they usually have not met the client before the day of their first hearing and have absolutely no interest at all in their welfare or personal situation. Barristers are 100 % pure law at the end of the day and are not interested (quite understandably) in their clients' welfare or wellbeing. These are typically traditional views on the legal profession and the way it is structured. How you choose to interpret the above article can be a matter for yourself, but it is based on my own experiences in law, whether as a lay person undertaking cases average joe or as a qualified solicitor working with barristers and other solicitors. The reason I put this level of detail straight into this article is to show you that if you decide to go in the cheapest way into the legal profession there is always a catch, together with at the moment the catch is that your status for the remainder of your time in the profession will be diminished by the decision you cash in on now. Once a legal executive always a legal executive. The lawyers recruiting you at the moment are constantly "pure" solicitors. They will hold your status as a legal executive against you and probably for the the rest of your career. Your salary will often be affected as solicitors traditionally believe that legal executives are worth less of your budget than qualified solicitors. I would estimate that over the time of your career remaining you will lose around £5, 000 to £10, 000 per year at the very least through your decision to go down the Legal Executives route, at the least up until you have been in a solicitors job for 5 years min. Furthermore, certain doors will be closed to you from then start. If you qualify as a legal executive you very often have to qualify into a space where legal executives are used and practice. This invariably means debt recovery, some types of employment -- usually contentious, crime, family, conveyancing, wills and probate and sometimes commercial property. Whilst some of these may not be known to be too bad in the long term - commercial property and wills and probate are not too badly payed off at the moment - it does mean that the majority of commercial law for example is going to be outside your remit. It is very difficult to advance from one field to another once you have specialised in one particular area of law. So for example if you qualify as a suitable executive undertaking crime work and have 5 years' experience you cannot then use your legal executive condition (or indeed your solicitor status) to move across and practice in corporate finance. If you are an able scholar or graduate with excellent grades then you should almost always make an effort to go down the solicitor or barrister journey. Going down the solicitor route is not as expensive as people think it is. For example you do not need to pay the College associated with Law or BPP to do the Legal Practice Course or the Graduate Diploma in Law. There are actually far cheaper alternatives and regardless of what the more elite institutions tell you, the vast majority of law firms don't care two hoots where you do your LPC because most qualified lawyers view these courses as burning hoops to help you jump through in order to qualify than any sign of your ability. Employers are always interested in your basic degree. For the rest of your career. Forever! They are also interested in your A level grades. Forever! This plus your A- Level grades will determine whether you are a student or graduate with excellent academics. If you have straight A's at A Level or AAB or possibly ABB then you will be an excellent student to come into law. If you have some sort of 2: 1 Degree in anything other than pop music or country dancing (my first degree has been pop music), then you stand a very good chance of training and becoming a qualified solicitor. If you have less than this then this life as a lawyer will be considerably harder to start out with. The Legal profession do not view 2: some degrees as being something that entitles you to practice as a lawyer. It will go against you for the remainder of your position and there is no way round it. I suspect that if you are sat there reading this with a 2: a pair of degree you have been badly misinformed by anyone who has told you to go into the legal profession. It is not impossible - I have trained and coached many students and graduates who have 2: 2 degrees (sometimes even a 3rd) and they have gone onto enjoy rewarding careers as lawyers in some capacity. However , their road towards law has been considerably harder as a result of their inability to obtain a 2: 1 degree. So getting back to this statement that if you have excellent academics you should always consider becoming a solicitor so as not to damage your career in the long term just by going down the Legal Executive route. If you do not have excellent academics then you should always consider alternative options then one of these will be to go down the legal executive route. However I would not recommend paying to undertake a genuine executive course until you have legal work experience, you are able to use in the longer term to secure yourself a superb legal career. By this I mean that if you are a student or graduate you should definitely not go straight down to the Institute of Legal Executives and sign up for any legal executive course. If you are going down a nonconventional route into law then academic study once you have completed an undergraduate degree or your A-Levels is utterly immaterial. Experience is what matters and nothing else will do. Legal work experience is the key so that you can gaining a successful start into law. You cannot skip this, circumvent or navigate round it as a lot of people try every year. This is why academic institutions have been bought out by overseas companies looking to make a quick money. There are a lot of people out there undertaking postgraduate and undergraduate courses with no hope at all of ever finding a occupation in the profession they are going into. Furthermore, there are lots of people out there who have the academic qualifications but lack any succeed experience or activities or interests who similarly are very unlikely to ever get ahead in regulation or get through the easy way. No careers adviser will give you this advice, but the main thing to do to get into law may be to get experience, more experience and even more experience. This may cost money in itself, and you may say that I have your fees to pay and I have to live. This gets me to my point that if you want to invest in your job then spending money on academic qualifications is not the way to go. Getting experience is and this in itself will cost you money. To give you a simple example, as I write this a vacancy has come in from one of our central London law firms. They are buying fee earner to go and assist for a month or two with a load of admin work. They will pay properly for this, and it is a job probably most suited for an LPC graduate. I have one in mind. It is not an LPC masteral with a 2: 1 law degree or good A levels. It is not an LPC graduate with an LLM from a good university or some sort of summer school academic qualification. It is an LPC graduate with corresponding experience to that the firm are seeking. The firm will not give two hoots what the LPC scholar has in terms of additional qualifications but they will study the LPC graduate's work experience to date to decide with certainty if to take them on for this particular role. It is so important to understand this that when somebody says what is the cheaper way into law that there is no easy answer. You cannot just take a decision now that will affect the rest to your career simply on the basis that it may cost one or two thousand pounds more to go one way into the lawful profession rather than another. You will notice that so far I have not mentioned anything about barristers. This is because in my experience guidance to be a barrister is almost always a complete waste of your money and time. You would probably be shocked to hear the following and perhaps put it down to my natural bias against barristers having been a solicitor myself. I would grudgingly accept that probably I am a little biased against barristers having run around courts for them, I've taken care of some pretty awful ones over the years (as well as some absolutely fantastic ones) but the barristers' follicle of the profession is pretty much tied up and it is very important to understand this. The word nepotism could almost have been devised for this part of the profession. Let me give you an example. Back many years ago when I had just qualified as a solicitor our practice used a local chambers which had a very good reputation in the area and was probably the top number of barristers by a considerable distance. I cannot remember any of their barristers being unsuited or incompetent and a lot of being incredibly talented advocates. At some stage in my first year after training I remember that they advertised for two scholar barristers to join them. There were a considerable number of applications, as you would expect because this was a top quality set of chambers, superior reputation with quality work coming in, in an area where there are not many barristers' chambers. I do not have a clue how the recruitment process occurred but I do know that the two pupils selected were children of one of the person barristers in chambers and one of the more junior barristers. I am afraid that the barristers' profession can discuss diversity and equal opportunity to their hearts content but when recruitment like this occurs in a chambers of this size it is completely irrelevant. It is always going to be the case that if chambers at that level recruit their own personal then anyone else will either have to set up rival chambers or alternatively work for a lesser standard of chambers. It may be that the two children of the barristers already in practice were the best suited for the role, and Seen they went on to be absolutely outstanding barristers but the point is these two people gained their pupillages using chambers to which they were already affiliated through their parents. Without any sort or recruitment process that will eliminates this (and after all why should it - I would have done exactly the same myself as a barrister when my children wanted to practice as barristers! ) then this is not a strand of the profession to go directly into unless you have family or extremely good friends who are able to assist you in your search or pupillage. The vast majority of people who comprehensive the Bar Professional Training Course do not end up as barristers. They end up working as paralegals or non-qualified attorneys with a views to taking the Legal Practice Course at a future point in their career, costing much more money. This is a false economy because the cost of completing the Bar Professional Training Course and the Legal Put into practice Course is verging on the ridiculous for the returns that you will get at a later stage in your career. So summing up I recommend anyone coming into the profession to do one of two things. 1 . If you have excellent academics and the ability to increase legal work experience to your CV to bolster this then go and try and qualify as a lawyer. Do not go down any other route. 2 . If you do not have excellent academics do not go down the route of determining to be a solicitor. You can go and get work experience and prove me wrong (and I hope you do) but you would be better suited to a life as a legal executive with a view to cross-qualifying at a in the future stage by competing the Legal Practice Course or simply being happy doing what you are doing for a legal executive. Always think - why are you going into law? What do you want to get out of it? How much how about to earn in order to get what you want out of life?

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corporatelitigationlawyer · 2 years ago

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Experienced Commercial Litigation Lawyers in Melbourne Assist with Business Disputes

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Hire skilled building dispute lawyers as they can assist you with property matters and regulations to avoid any kind of defamation. They also prepare necessary documents and agreements between both the parties with mutual consent mentioning all the necessary payment details. Well-known firms guide you through the case so you can understand every necessary settlement happening between both parties. This will help to make wise independent decision that will benefit your profits.

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In conclusion, law firms provide a range of legal services, including franchise disputes, debt recovery, and company purchase conflicts.

Generally, many firms conduct consultation to understand client’s point of view and provide tailored solution accordingly depending on the legal matter. One should enquire with the best firm in the locality if they are seeking for commercial conveyancing services.

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bestdetectiveagency · 3 years ago

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Team of highly professional private investigators in Delhi, City Intelligence Detective Agents are members of the Association of Private Detectives & Investigators- India. Our agents are fully trained and accredited under the guidance of experts. We are 100% committed towards our client’s cases and find the facts and evidences required. Our team always abide the laws and the keep the privacy of all parties involved. We won’t do anything unprofessional, unsafe or illegal. We value honesty and reliability in all our work.

Transparent Pricing

City Intelligence Detective Agency in Delhi/India offers transparent pricing during consultation before starting our investigation process. Once we give you a quote is the final quote. There are no hidden costs, ever. If you share your budget before investigation, then it will help us to don’t go beyond your budget during the investigation process. We provide time to time reports for all the developments and progress related to the case. Sometimes extra efforts required because of unavoidable circumstances, which can increase your investigation budget, but we will always confirm with you before proceeding ahead. We keep it transparent and let our client knows where your money is going and you will always be in charge.

Driven By Results

City Intelligence Detective Agency is known for our high success rates by delivering desirable outcomes with our investigations for clients. We have created bench by achieving around 93% of success rate for other detective agencies in Delhi and pan India. We take pride in ourselves, as we don’t only uncover the truth and bring facts out; we also managed to do it in a right time frame.

A Personal Touch

We believe in building long lasting relationships with our clients and keep on serving them with personal and commercial types of cases. Every client got the tailor made investigation steps, as each and every case have different circumstances, location and people involved in it. We offer complete care and consideration in every case and client regardless of issues, circumstances surrounding their cases.

We Never Give Up

City Intelligence has a reputation and track record of never giving up on any case irrespective of the circumstance. We never consider an investigation finished until we find every single fact and evidence associated with the case. Try us if you are not happy with the previous investigation done by someone else. Our team calls on a wide range of special resources and knowledge in their investigations. They have the experience and determination to find hidden information. We thoroughly check and triple check our findings before presenting them, so you can rely on the results.

HOW MUCH DOES DETECTIVE AGENCY COST?

First, you need to understand the costs involved in investigation & it helps you to get the fair deal. Learn about the cost involved in the investigation. Try to ask various investigation agencies for getting the better idea. Avoid cheap operators they can spoil your case. Almost all of you first thing which comes to your mind before choosing a private detective agency in Delhi is the price. This can leads you towards the bitter experience associated with their non-professional investigation services. The fact is hiring a skilled and professional detective can be expensive. The discrete and professional investigation requires latest modern spy equipment & technology along with lots of efforts. So we suggest you do a little bit of research on what your actual needs are, how much they going to cost you.

☞ Learn what investigation costs are involved

There are three basic types of investigation fees offered by City Intelligence. 1. We can charge you Hourly Rates. Depends on the type of service, e.g. finding missing people. 2. We will charge you on the basis of Mileage fees. If investigation in your case involves following a person, then you will be going to charge on the basis of per kilometre and on top of it, the standard hourly rates will apply. Mileage is usually charged from a call out location. 3. Incidental or Situational Charges. Sometimes circumstances and situations will create certain types of scenarios, where we have to go beyond your investigation budget as discussed for your case. But we will inform you first before preceding such actions. As a Professional investigator, we will help you to learn about the pricing involved during your case’s investigation and didn’t surprise you with more of hidden charges.

☞ Some questions to ask your investigator agency about costs involved in your case:You must get clear answers before you proceed with a Detective Agency in Delhi.

1. Services you might need during the investigation of your case and for how long it will be required! 2. The cost involved during investigation & asking for a professional quote! 3. How to deal or proceed if extra cost incurred during the investigation? 4. Is there any money refund policy or commitment?

CHOOSING A PROFESSIONAL & RELIABLE INVESTIGATORNEVER CHOOSE A DETECTIVE AGENCY IN DELHI SOLELY ON THE BASIS OF PRICING THEY QUOTE.

It is observed that some non-professional enters the market and offering services at very cheap rates. Remember it’s not a TOM DICK & HARRY profile. In the end, you will get for what you paid. So choose them wisely don’t be fooled by them because of their cut prices. At City Intelligence we have solved many of such cases, and help people who had a bitter experience with such non-reliable agencies. You need not worry now, as you are on a right destination. Call us and consult with our experts to get a fair idea about costing involved and services offered. This will give you a fair idea and helps you to learn the process involved in the investigation. This knowledge will give you the confidence to choose the right investigation agency for your case.

☞ We are here to help you

At City Intelligence Detective Agency in Delhi, we understand that hiring a detective agency is a tough decision for you. As it involves lots money spent along with emotions & feelings which force you to go to a detective agency. We offer you a transparent pricing and also seek your permission prior to going for any extra cost involved. We work hard with ethics and integrity to unfold the truth you need to know. If you are willing to learn more about our pricing and process, contact us on +91-9811510888 or write us at [email protected]

I’m A 35 Year Old Woman And I Aspire To Be A Detective, But My Family Members Are Not Very Happy With My Choice. How Should I Convince Them. Kindly Help.

Women should take detective training compulsorily, because they can keep themselvessafe to a lot of extent from the increasing crime against women in our country because whenever something uncertain happens in their life, whether it’s related to their marriage or business, they have to be dependent on their parents, their better half or on the opinion of others. Many times, they lose hope and get depressed due to this, which also affects their married life and kids. Kindly explain this to your family that a detective works within legal parameters. How to keep yourself save while working is also taught in the training. You can also give them the examples of India’s famous lady detectives like Bhawna Paliwal, Rajni Pandit. You can find information about them on the Internet. Despite being married, they are so successful in their career. You can also be an example like them. After the training is done, you’ll realise how you can work smoothly by ensuring your safety as well. You can also assure you family that you will use these tricks for your own safety and when you realise you’ve become perfect in this, you can practice it as a Profession.

Which Legal Parameters Should An Ideal Private Detective Keep In Mind While Doing Investigation?

The first thing that a Private detective should keep in mind is why is his services being used. He should ensure his client’s identity. For ex: If a person says that he is Usha’s brother and wants to keep a check on her activities, then he has to actually prove that he is Usha’s brother and is doing so for the sake of Usha’s good. He should also ask the client to issue an authority letter. A detective should understand his client’s intentions and make sure that he is a bonafide client. Secondly, he should make sure that whatever job is assigned to him, is done within the legal parameters. Thirdly, he should take careif the assigned job comes in the jurisdiction of the private detective or not. If police is investigating a particular case then he cannot destroy their evidences, nor he can do any kind of tampering with the evidences. So these are some of the things which a private detective should keep in mind while conducting investigation.

What Is The Minimum Qualification And Age Limit To Do A Private Detective Course?

Any male/female who is above 16 years of age with a minimum qualification of 12th pass, and is mentally sound along with the basic knowledge of computer can do this course.

Is It Compulsory To Have An Office To Start Your Own Work After Doing This Course?

To start any work, you need to have a place of your own. It can either be your residence for which you need to get associated with some of the detective agencies which can help you by giving you work as a freelancer. You can also enhance your work by creating your company’s website on the Internet. You should also get your website registered.

Are There Any Risks Involved In This Profession? Will Any Detective Agency Offer Me Job After The Training Of This Course?

If you are working within the purview of law then there is no such risk involved. City Intelligence might give you a job if they find you competent enough. It totally depends on your abilities. We don’t assure you a job.

Will I Get Any Kind Of Support From You After The Training?

City Intelligence will help you in consultation and business promotion for around 2 years.

Do You Think That If People Will Use More Services Of Detectives Then Crime Rate Will Or Can Go Down?

There are many reasons to hire a private detective. Their main role is to extract information. Let’s assume that you are a businessman and your business is doing good but you never know what your competitors are upto. Then, a setup of internal vigilance is mandatory so that you make sure that your employees aren’t harming you internally by leaking your useful information & documents. Because police will only be involved when a crime or any kind of fraud will happen. But in private and corporate life, this investigation would help in preventing the crime beforehand.

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newstfionline · 3 years ago

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Tuesday, September 28, 2021

China’s ‘hostage diplomacy’ standoff with Canada is over. But how much damage was done? (Washington Post) After more than 1,000 days spent languishing in separate Chinese prisons—largely cut off from the outside world, the sun and their families—the two Canadians detained in what was widely condemned as a brazen act of “hostage diplomacy” arrived in Canada on Saturday. Michael Kovrig and Michael Spavor were detained in China in December 2018 on vague espionage charges, several days after Canada arrested Meng Wanzhou, the chief financial officer of Huawei Technologies, in Vancouver, at the request of U.S. officials seeking her extradition on bank and wire fraud charges. The Global Times, a state-run tabloid in China, quoted an expert in an article on Saturday who said China’s release of the Canadians “unlocks the bottleneck in China-Canada ties.” But Lynette Ong, an associate professor of political science at the University of Toronto, said an immediate thaw in bilateral relations was unlikely and that sour feelings would remain. “Going forward, I don’t think Canada-China relations will be the same as they were 1,000 days ago,” she said. “It’s fundamentally at a different point. … I think China has underestimated the cost of playing this game of hostage diplomacy. Its reputation has been tarnished tremendously.” Asked what the release of the two Michaels would mean for Canada’s relationship with China, Trudeau said on Friday that there would be time for “reflections and analysis” in the coming weeks.

America's Need to Pay Its Bills Has Spawned a Political Game (NYT) For nearly two decades, lawmakers in Washington have waged an escalating display of brinkmanship over the federal government’s ability to borrow money to pay its bills. They have forced administrations of both parties to take evasive actions, pushing the nation dangerously close to economic calamity. But they have never actually tipped the United States into default. The dance is repeating this fall, but this time the dynamics are different—and the threat of default is greater than ever. Republicans in Congress have refused to help raise the nation’s debt limit, even though the need to borrow stems from the bipartisan practice of running large budget deficits. Republicans agree the United States must pay its bills, but on Monday they are expected to block a measure in the Senate that would enable the government to do so. Democrats, insistent that Republicans help pay for past decisions to boost spending and cut taxes, have so far refused to use a special process to raise the limit on their own. Observers inside and outside Washington are worried neither side will budge in time, roiling financial markets and capsizing the economy’s nascent recovery from the pandemic downturn. If the limit is not raised or suspended, officials at the Treasury Department warn, the government will soon exhaust its ability to borrow money, forcing officials to choose between missing payments on military salaries, Social Security benefits and the interest it owes to investors who have financed America’s spending spree.

As Americans spend, credit card debt is ticking back up (Reuters) Early in the pandemic, there were encouraging and surprising signs about the decline of credit card debt. Now, that trendline seems to be changing. Many Americans stayed at home at the start of COVID-19 and did not spend like they usually do. They also received several rounds of emergency cash assistance, helping to chop away at those credit-card bills, at least temporarily. Spending is ticking back up—and the results are starting to show up on our monthly statements. In fact, 42% of those with credit card debt, or 59 million Americans, say they have added to their balances since the beginning of the pandemic, according to a new study by personal finance site Bankrate.com. This trend reversal is reflected in the most recent numbers of the Federal Reserve Bank of New York. Its Quarterly Report on Household Debt and Credit found that credit-card bills rose by $17 billion in 2021’s second quarter, to $790 billion nationally.

Chile to lift state of emergency as vaccines beat back COVID infections (Reuters) Chilean authorities announced on Monday the end of a state of emergency in force since the start of the coronavirus pandemic, a sign of life returning to normal following a sharp decrease in cases in the South American nation. The state of emergency, an extraordinary administrative measure approved by Congress early in 2020, had allowed the government to impose night-time curfews and forced quarantines on hard-hit districts amid the worst of the outbreak. The government said it would also relax restrictions on movement, liberalize limits on capacity at events and public spaces and earlier this month re-opened its borders to tourists. Neighboring Argentina last week also unveiled plans to ease coronavirus pandemic restrictions, including loosening strict border controls, allowing more commercial activities and getting rid of the mandatory wearing of face masks outdoors.

Why Haitians are fleeing Chile for the U.S. border (Washington Post) Along empty streets lined with shuttered businesses, there’s little sign of the bustle that just a few a years ago earned the neighborhood of Quilicura [in Santiago, Chile] the nickname “Little Haiti.” Increasingly restrictive migration policies here, and a belief that the United States has grown more welcoming to immigrants under President Biden, have led a wave of Haitians to abandon the country they once saw as a land of opportunity. “There’s hardly anyone left here now,” said 24-year-old Wilbert Pierre, pointing across the dusty road into the Tawtaw barbershop, where he is training to be a hairdresser. “Of all the people I’ve known in my four years in Chile, more than 100 have gone to the U.S. since March alone.” Tens of thousands of Haitians came to Chile, Brazil and other South American nations after the 2010 earthquake near Port-au-Prince that killed more than 220,000 people. Now feeling growing pressure here, thousands in recent months have traveled north. Many Haitians in Chile say they have faced discrimination and racism that have made it difficult to stay in Chile. One said, “We found that although Chileans themselves are good people, the system is racist, classist and elitist.”

Panic buying leaves up to 90% of fuel pumps dry in major British cities (Reuters) Up to 90% of British fuel stations ran dry across major English cities on Monday after panic buying deepened a supply chain crisis triggered by a shortage of truckers that retailers are warning could batter the world’s fifth-largest economy. A dire post-Brexit shortage of lorry drivers emerging after the COVID-19 pandemic has sown chaos through British supply chains in everything from food to fuel, raising the spectre of disruptions and price rises in the run up to Christmas. Hauliers, gas stations and retailers warned that there were no quick fixes, however, as the shortfall of truck drivers—estimated to be around 100,000—was so acute, and because transporting fuel demands additional training and licensing. Edwin Atema, the head of research and enforcement at the Netherlands-based FNV union, told the BBC that EU drivers were unlikely to flock to Britain given the conditions on offer. “The EU workers we speak to will not go to the UK for a short-term visa to help UK out of the [mess] they created themselves,” Atema said.

What’s in a name? Phil McCann lightens the nation’s mood (Guardian) A BBC reporter called Phil McCann delighted social media users on Saturday after he was sent to cover the UK’s petrol shortage. Reporting from a BP petrol station in Stockport, which had run out of petrol, people were quick to point out that he was clearly the best man for the job, since his name sounds like “fill my can”. Phil McCann soon began trending on Twitter, with one social media user pointing out that McCann was now part of a special club—alongside the BBC weather presenter Sara Blizzard and PC Rob Banks from Avon and Somerset police.

Strong quake hits Greece’s biggest island of Crete, one person killed (Reuters) A strong earthquake measuring 5.8 shook Greece’s largest island Crete on Monday and one person was killed when a church dome collapsed, authorities said. The quake, which sent people out of their homes and public buildings and caused considerable damage, was described by a Greek seismologist, Efthymios Lekkas, as a “thunderbolt” with strong aftershocks. A man died when the dome of a church in the town of Arkalochori caved in during renovation works, a police official said. Civil protection authorities said nine people were injured in the quake, which damaged many buildings. The tremor prompted many people in Crete’s main city Heraklion to rush outdoors. Schoolchildren were told to leave their classrooms, gathering in schoolyards and town squares.

Serbia-Kosovo tensions (Foreign Policy) Serbian fighter jets flew close to the border with Kosovo on Sunday in the latest escalation of tensions between the two governments in recent days. The most recent round of unrest has been sparked by Kosovo’s ban on Serbian vehicle license plates in its territory, a move that Serbia has enforced on Kosovar plates (the vehicles are allowed, but drivers must use temporary plates when driving across the border). Offices belonging to Kosovo’s Interior Ministry were set alight in the north of the country over the weekend, while grenades were thrown into another government building. Kosovar Prime Minister Albin Kurti has accused Serbia of inciting ethnic Serbs living in the area to carry out the attacks. “Serbia is using Kosovo citizens to provoke a serious international conflict,” Kurti said on Saturday.

India’s farmers renew protests, challenging Modi government (AP) Thousands of Indian farmers blocked traffic on major roads and railway tracks outside of the nation’s capital on Monday, marking one year of demonstrations against government-backed laws that they say will shatter their livelihoods. The farmers have renewed their protests with calls for a nationwide strike on the anniversary of the legislation’s passage. The drawn-out demonstrations have posed one of the biggest political challenges to Prime Minister Narendra Modi, who swept the polls for the second time in 2019. The government has defended the legislation, saying it is necessary to modernize agriculture and that the laws will boost production through private investment. But the farmers say the new legislation will devastate their earnings by ending guaranteed pricing and force them to sell their crops to corporations at cheaper prices. In neighboring Punjab and Haryana states—which are the country’s the two biggest agricultural producers—thousands of demonstrators also blocked highways, bringing traffic to a halt in some areas.

Concerned United Nations can only sidestep Myanmar crisis (AP) In his speech last week to open the U.N. General Assembly, Secretary-General Antonio Guterres bracketed Myanmar with Afghanistan and Ethiopia as nations where “peace and stability remain a distant dream.” He declared unwavering support for the people of the turbulent, military-ruled Southeast Asia state “in their pursuit of democracy, peace, human rights and the rule of law.” But the situation in Myanmar after the army’s seizure of power eight months ago has become an extended bloody conflict with ever-escalating violence. Yet the U.N. is unlikely to take any meaningful action against Myanmar’s new rulers because they have the support of China and Russia. China and Russia are among the top arms suppliers to Myanmar, as well as ideologically sympathetic to its ruling military. Both are members of the Security Council, and would almost certainly veto any effort by the U.N. to impose a coordinated arms embargo, or anything beyond an anodyne call for peace.

Afghanistan’s Taliban Warn Foot Soldiers: Behave, and Stop Taking Selfies (WSJ) A senior Taliban commander has warned the group’s military rank-and-file fighters to clean up their act as the group’s foot soldiers celebrate in newly captured Kabul, the Wall Street Journal reports. New Defense Minister Mawlawi Mohammad Yaqoob, chastised his recruits in a recent audio message, warning that their exploits, which have ranged from sightseeing to speeding, “are damaging our status,” and were too close to the behavior of the “warlords and gangsters of the puppet regime.” Yaqoob was particularly incensed by the fighters’ selfie obsession, which he said presented a security risk—particularly if sensitive locations or senior leadership were included in the shot.

Shadow contracts, corruption keep the lights out in Iraq (AP) In the Baghdad suburb of Sadr City, glossy election campaign posters are plastered alongside jungles of sagging electrical wires lining the alleyway to Abu Ammar’s home. But his mind is far from Iraq’s Oct. 10 federal election. The 56-year-old retired soldier’s social welfare payments barely cover the cost of food and medicine, let alone electricity. Despite chronic outages from the national grid, Abu Ammar can’t afford a generator. When the lights go off, he has no choice but to steal power from a neighbor’s line. He doesn’t have the right political connections to get electricity otherwise, he says, a frail figure seated in a spartan living room. In this country, if you don’t have these contacts, “your situation will be like ours,” Abu Ammar says. In Iraq, electricity is a potent symbol of endemic corruption, rooted in the country’s sectarian power-sharing system that allows political elites to use patronage networks to consolidate power. It’s perpetuated after each election cycle: Once results are tallied, politicians jockey for appointments in a flurry of negotiations based on the number of seats won. Ministry portfolios and state institutions are divided between them into spheres of control. In the Electricity Ministry, this system has enabled under-the-table payments to political elites who siphon state funds from companies contracted to improve the delivery of services.

#headlines #news

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fldebtcollectionattorney · 4 months ago

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Understanding Commercial Debt Collection:

Urgent: What Businesses Must Know About B2C and B2B Collections With An Attorney Summary Question and Answer: Q: What is commercial debt collection and why is it important for businesses? A: Commercial debt collection is the process of recovering money owed to a business by other companies or individuals. It's crucial for maintaining cash flow, protecting financial health, and ensuring the stability of your business operations. Introduction As a business owner, you've likely encountered the frustration of unpaid invoices. When traditional collection methods fail, it might be time to consider professional commercial debt collection services. This article will guide you through the essentials of commercial debt collection, helping you understand your options and the benefits of working with experienced attorneys like Marcadis Singer PA. The Basics of Commercial Debt Collection Commercial debt collection differs from consumer debt collection in several ways: - It involves debts owed by businesses or individuals for commercial purposes - Higher debt amounts are typically involved - Different laws and regulations may apply - Specialized strategies are often required Understanding these differences is crucial for effectively pursuing unpaid debts and protecting your business's financial interests. When to Consider Professional Debt Collection Services While in-house collection efforts can be effective, there are times when professional help becomes necessary: - The debtor has been unresponsive to your attempts - The debt is significant and impacting your cash flow - Legal action may be required - You lack the time or resources to pursue collection effectively In these situations, working with experienced attorneys can significantly increase your chances of successful debt recovery. The Commercial Debt Collection Process A typical commercial debt collection process involves several steps: - Initial assessment of the debt - Sending formal demand letters - Negotiating payment plans or settlements - Filing a lawsuit if necessary - Enforcing judgments through various legal means Each step requires careful consideration and expertise to maximize the chances of recovery while maintaining professional relationships. Legal Strategies in Commercial Debt Collection Experienced attorneys like those at Marcadis Singer PA employ various legal strategies to recover debts: - Mediation and arbitration - Litigation in state or federal courts - Obtaining and enforcing judgments - Utilizing post-judgment remedies like garnishment or asset seizure These strategies can be complex, which is why professional legal guidance is often crucial for successful outcomes. Benefits of Working with Debt Collection Attorneys Engaging professional debt collection attorneys offers several advantages: - Expertise in relevant laws and regulations - Higher success rates in debt recovery - More efficient collection processes - Protection of your business's legal interests - Ability to handle complex cases and large debts These benefits can make a significant difference in your debt recovery efforts and overall business financial health. Case Study: Successful Commercial Debt Recovery To protect client confidentiality, this case study is fictional, but relevant. A Tampa-based manufacturing company was owed $250,000 by a long-term client who had fallen on hard times. After months of unsuccessful attempts to collect the debt, the company turned to Marcadis Singer PA for assistance. The attorneys first attempted negotiation, which resulted in a partial payment of $100,000. For the remaining balance, they initiated legal proceedings, ultimately securing a judgment against the debtor. Through strategic use of garnishment and asset seizure, the full remaining debt was recovered within six months, allowing the manufacturing company to stabilize its cash flow and continue operations without disruption. Choosing the Right Debt Collection Attorney When selecting a debt collection attorney, consider the following factors: - Experience in commercial debt collection - Knowledge of local and state laws - Track record of successful recoveries - Communication style and responsiveness - Fee structure and transparency Marcadis Singer PA, with its extensive experience and proven track record in Florida, exemplifies these qualities, making them a strong choice for businesses facing debt collection challenges. Conclusion Understanding commercial debt collection is crucial for protecting your business's financial health. While the process can be complex, working with experienced attorneys can significantly increase your chances of successful debt recovery. If you're facing challenges with unpaid commercial debts, consider reaching out to professionals like Marcadis Singer PA to explore your options and develop an effective recovery strategy. FAQs Q: How long does the commercial debt collection process typically take?A: The duration can vary widely depending on the complexity of the case and the debtor's responsiveness. Simple cases might be resolved in a few months, while more complex situations could take a year or more. Q: Can debt collection attorneys help with international debts?A: Yes, many debt collection attorneys have experience with international debt recovery, though these cases often involve additional complexities due to differing legal systems. Q: What's the difference between commercial and consumer debt collection?A: Commercial debt collection involves debts owed by businesses or for business purposes, while consumer debt collection deals with personal debts. Laws and strategies often differ between the two types. References American Bar Association. "Debt Collection." https://www.americanbar.org/groups/business_law/publications/committee_newsletters/consumer/2019/201902/debt-collection/ Federal Trade Commission. "Debt Collection." https://www.ftc.gov/legal-library/browse/rules/debt-collection-practices-rule-regulation-f Read the full article

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mahenderkhandelwal · 3 years ago

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Bhushan Power and Steel Insolvency Professionals Mahender Khandelwal

I am Mahender Khandelwal is a registered insolvency and Chartered Accountant professional. Senior management and financial professional with wide experience spanning over 30 years in entire continuum of structuring, financing through debt and equity instruments. Management and turnaround of Special situations and Insolvency across wide spectrum of industries. Led Restructuring and Resolution of a large corporates (100+) across various sectors viz. Iron and Steel, Stainless Steel and utensils, System Packaging, Forging Industry, Pharma, Hotels, NBFC, Rice and Food Processing, Fertilizers, Biodiesel, Edible Oils, Biomass, Solar Panels, Power and Infrastructure, Textile, Education, Auto Component, Polymers, Electric Appliances, Plywood, Construction and Real Estate. Started BRS practice in BDO & PWC as Leader & Partner successfully resolved 20 plus cases in Insolvency under my leadership ranging fromm 200 crores to 50,000 crores.

Prior to that I was running my Boutique Consultancy firm in the name of Varrenyam Consultants Pvt Ltd.

MONITORING PROFESSIONAL

Bhushan Power and Steel Limited.

Jul 2017 – Mar 2021

3 years

BPSL is the among first dirty dozen cases referred by lenders to insolvency. The company have a borrowing of more than 47000 crores from over 35 lenders. There has been an all-round growth and complete turnaround in the operations of the company since the commencement of CIRP. When RP took control over BPSL, capacity utilization was meagre 47% with production level of 82,000 MT per month and EBITDA loss. Due to combination of proactive CoC and decisions taken by the RP for enhancement of capacity utilization. During CIRP period production had increased to 200,000 MT and the company generated EBITDA of more than 4000 crores. Moreover, the company under the leadership of the RP/MP was able to reduce the statutory and worker liabilities besides improving working capital levels. The RP/MP further ensured smooth operations while managing 15,000 employees across 9 locations and provided increments to the employees. Some of the incomplete projects were completed by incurring additional CAPEX with COC approval. On the date of implementation there was working capital of more than 7500 crores in cash balance of around 2500 crores. During CIRP Period RP have handled enquiries/investigations from Regulatory Authorities i.e. SFIO, CBI, ED and GST for pre CIRP period including closing of draft forensic audit conducted during pre CIRP period including closing of draft forensic audit report conducted during pre CIRP period. Due to turnaround and enhanced operations, Resolution applicants improved their bid amount from initial12,000 crores to 19,800 crores and JSW successfully implemented the resolution plan and taken over control of BPSL. The Financial creditors have recovered around 42 percent of their dues in BPSL resolution.

Corporate Insolvency Resolution Process

KSK MAHANADI POWER COMPANY LIMITED Oct 2019 – June 2020

Hyderabad Area, India, Power Plant at Bilaspur 3600MW

KSK Mahanadi operates a coal-based power project with a nameplate capacity of 3600 MW. The company has 3 operational units and rest are under various stages of construction. After commencement of CIRP process, we are able to operate all 3 units generating highest load with 80% capacity utilization and PLF of about 76%. With existing operational and technical team, we have introduced various cost cutting programs to bring in efficiency in operations. In the ongoing COVID-19 lockdown, we were running the plant at full capacity and supplying power to distribution companies despite cash flow constraints. CIRP of KSK is substantially delayed as rail and water infrastructure of power plant are housed in separate subsidiary companies and lenders have filed a consolidated application in NCLT. Getting investors interest in standalone Power plant is a challenge due to unenviability of rail and water infrastructure.

Resolution Professional

Prius Group of Entities

Apr 2019 – Present

New Delhi

RP for 5 Commercial real estate companies of Ex Ranbaxy promoters namely Pawan Impex Pvt Ltd, SVIIT Software Pvt. Ltd, Payne Realtors Pvt Ltd, Prius Commercial Projects Pvt Ltd. and Sharan Hospitality Ltd.

Financial Creditors

S. No.

Entity

Amount Admitted

Resolution Amount

Percentage Recovery

Resolution Applicant

Stage of Implementation

Prius Commercial Projects Private Limited

407.83

100.00%

Consortium of Kotak Investment Advisors Limited, Minicon Insulated Wires LLP and Elita Capital Advisors LLP

implementation has been completed

successfully

Sharan Hospitality Private Limited

76.75

100.00%

Majestic Auto Limited

Resolution Plan

approved,

implementation of plan

is still going on

Payne Realtors Private Limited

27.36

100.00%

City Gold Entertainment Ltd.

implementation has

been

completed

successfully

Pawan Impex Private Limited

194.85

130.00

67.00%

Consortium of DMI Alternative Investment Fund - Special Opportunities Scheme, Fact Software Private Limited and Yash Gupta

Resolution Plan

approved,

implementation of plan

is still going on

SVIIT Software Private Limited

59.23

35.15

60.00%

Mr. Parmjit Gandhi

Resolution Plan approved, implementation of plan

still going on

Educomp Solutions Ltd.

May 2017 till date:

Till date running the company as going concern and up to date in payment to employees, Statutory dues and operational expenses in spite of adverse situation due to covid 19. Resolution Plan of EBIX Singapore Pte. Ltd. was approved by the lenders and subsequently approved by NCLT. However, due to covid resolution applicant have filed application in NCLT/NCLAT for withdrawal which NCLAT not allowed. Resolution applicant filed in Supreme court, which is pending for final judgement.

Partner and Leader Business Restructuring Services

PwC Professional Services LLP Full-time

Apr 2018 – Aug 2019

1 year

Gurgaon

Joined as Partner & Leader of Business Recovery Services (BRS) practice at PwC India. PwC is among the top consultancy firm in India and a world leader in BRS & stressed asset resolution practices. As a BRS Leader, I was leading a team of 70 dedicated professionals for the overall development and growth of the vertical. I have overseen and guided various CIRP assignments under various RP’s including Uttam Value Steels, Uttam Galva Metallics, Era Infra & Engineering, Parabolic Drugs, Diamond Power Infrastructure Ltd, Videocon group companies, KSK Mahanadi, Sukam Power Systemsand PRIUS group of companies. During this stint, I have developed strong and credible relationships with, stressed assets funds, international fund houses, ARCs and NBFC.

Partner & Leader- Business Restructuring

BDO India LLP Full-time

May 2017 – Apr 2018

1 year

New Delhi Area, India

BDO India LLP is the India member firm of BDO International. BDO India offers strategic, operational, accounting, tax & regulatory advisory and assistance for both domestic and international organizations across a range of industries. As the leader and partner of BRS division, I was instrumental in establishing insolvency practice for BDO. Through persistent market development efforts, BDO was successfully awarded 3 out of first dirty dozen insolvency cases. These cases were Jyoti Structures, ABG Shipyards and Bhushan Power and Steel Ltd. BDO also won 3 cases in mid-market segment. I also developed a team of insolvency professionals, execution team for claim verification, process advisory, operation and maintenance, sectorial compliances, Balance sheet and cash flow monitoring. My team was the first one to develop system, procedures and SOP’s for insolvency practice. In the very first year of operations, we won more than Rs. 100 crore business.

Managing Director

Varrenyam Consultants Private LimitedSelf-employed

May 2004 – May 2017

13 years and From April 2021 to till date

New Delhi Area, India

A boutique financial advisory services firm specializes in the field of financial restructuring of distressed companies, settlement of debts, and resources mobilization. During this period, I have advised more than 100 corporates on financial restructuring and settlements ranging from 200 crores to 25000 crores. My firm was leading advisor in the Corporate Debt Restructuring process (CDR) and was instrumental in strategy formulation, scheme preparation, financial modelling, valuation and techno economic studies. We were also involved in finding strategic investor/buyers for some of the companies where post restructuring plan required change of management.

We also organised funding for distressed assets through ARC, special situation funds, NBFC’s.

Post implementation of CIRP assignments I have restarted my above Boutique firm.

General Manager Finance

ROLLATAINERS LTD

Apr 2000 – Apr 2004

4 years

Faridabad, Haryana and Delhi

As finance head, my job profile included Treasury Management, funds control including collections and disbursements and supervision of banking transactions. I was directly reporting to the President, Executive Director and Board of Directors comprising top Professionals. I was instrumental in implementing Financial and Operational Restructuring. Financial restructuring involved Rephasement of repayments and lowering of interest rates in first phase, creating vehicle for Venture fund investment and saving the company from BIFR. As a member of Board presentation to board on various restructuring options, Strategy formation and approvals of board on various cost cutting and restructuring options including shutting down. I also involved in strategy formation and approvals of board on various cost cutting and restructuring options including shutting down of loss-making businesses. Redesigning of MIS Systems and assisting top management on various financial strategies. Consolidation and Centralization of Finance, Accounts and Purchase function. Business valuation, financial modeling, Audit Finalization – Statutory, Internal, Tax, Stock, Concurrent and due diligences.

Senior Manager-Finance &Accouts

Modi Rubbers Ltd

May 1997 – Mar 2000

2 yrs 11 months

Delhi Area, India

Part of Modicorp (ultimate holding company of B. K. Modi group companies), I was responsible for managing funds, control, overall supervision of accounts department of 13 companies in layers of holding and subsidiary structure. I was also involved in Tax Planning, finalization of Accounts and interaction with Statutory, Internal, Tax Auditors and Auditors for valuation and Due Diligence. I also supported group financial controller for credit rating in respect of US$ 50 Million ECB. Liaison with banks, financial institutions and taxation authorities.

Sr. Manager-Finance

SARDA PLYWOOD INDUSTRIES LTD

Mar 1992 – Mar 1997

5 yrs 1 mo

Delhi, India

As a part new project division, worked on project evaluation and viability study of various projects and participated in launching of new project from grass root level to concept paper for management, Joint Venture partners, and term lending institutions, venture capital funds, banks and state level institutions. I was also responsible for arrangement of export credit limits from banks and export documentation. Overall supervision of Accounts department, balance sheet finalization and other related activities.

#MahenderKumarKhandelwal #MahenderKhandelwal #MahenderKumar #MrMKhandelwal #MKkhandelwal

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npaconsultant-stuff-blog · 2 years ago

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Debt Advisory

Corporate Restructuring

Mergers & Acquisitions

Private Equity

Revival of Sick Industries

Managing Corporate Litigations

The Company is also engaged in providing ancillary guidance on Valuations, Techno Economic & Commercial Feasibly Report and Assessment, Enterprise Risk Management etc.

We would like to mention our achievements in short as follows:

Over 20 years of experience in fields of legal, banking and finance specially NPAs.

Have advised over 2000 SMEs on various issues.

Have received hundreds of references from private, co-operative and PSU Bankers.

Size of cases handled ranges between USD 1 MN to over USD 100 MN.

We have about 40 resolution professionals and more than 25 legal firms associated with us.

Dr. Visswas has addressed various conferences, seminars organized by Trade Associations such as Maharashtra Chamber of Commerce and Indian Merchant Chambers, ASOCHAM, Indo American Chamber.

Dr. Visswas also invited on the dais to address the gatherings along with Honorable Mr. Nitin Gadkari - Minister of Micro, Small and Medium Enterprises, Mr. Shiv Prasad Shukla - the then Deputy Finance Minister, Government of India. For more information - https://www.npaconsultant.in/company-profile

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atomictyphoonpersona · 3 years ago

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Financial Aid Glossary

Academic Year

September through May, when most schools are in session.

Accrual Date

The date when a loan’s interest charges begin to accrue.

ACT

Standardized multiple-choice test administered to high school education loan consolidation. Colleges may use ACT scores to determine admission eligibility. The ACT is administered five times a year and is designed to measure academic proficiency in English, math, reading, and science.

Adjusted Available Income

The income remaining after taxes and basic living allowances have been subtracted.

Advanced Placement (AP)

College Board program that offers students the opportunity to take college-level courses while they are enrolled in high school. Students may gain advanced standing and/or earn college credit through their performance on the Advanced Placement examinations given each year in May.

Amortization

Payments made over a period of time on a loan’s principal and interest.

Assets

When calculating the expected family contribution (EFC), all assets are considered, including: bonds, checking and savings accounts, stocks, trusts, other securities, real estate (this does not include a person’s home), income, business equipment, and inventory.

Asset Protection Allowance

The formula used by the U.S. Department of Education and a financial aid office to determine which parental assets to exclude when calculating a parent’s financial contribution to a student’s education (expected family contribution).

Assistantship

Student employment, usually referring to departmental research assistance or student teaching.

Associate’s Degree

A two-year college degree.

Auto Debit

Loan payments deducted automatically from checking or savings account on a monthly basis.

Award Letter

Separate, official notices sent to each student from the financial aid office at (each) college(s) where the student has applied for admission. They detail the student’s financial need and the financial aid package awarded (amounts awarded and sources of the awards).

Bachelor’s Degree

A four-year college degree.

Bursar’s Office

The college or university office responsible for billing and collections.

Campus-Based Aid

Financial aid funds provided to a college from the government. Each college determines financial aid applicants’ eligibility to receive the funding. Programs included in campus-based aid include federal work-study, Pell grants, and Federal Supplemental Education Opportunity Grants (FSEOG).

Central Processing System (CPS)

The U.S. Department of Education’s computer system; matches and calculates the expected family contribution (EFC), and delivers the Student Aid Report (SAR).

Citizen (and Eligible Non-Citizen)

To receive federal aid, an applicant must be a U.S. citizen, a U.S. national, or a permanent resident who has an I-151, I-551 or I-94.

Commercial Lender

Commercial institutions that loan money, including banks, credit unions, mutual savings banks, savings and loan associations, stock savings banks, or trust companies.

Commuting Student

A student who lives at home or off campus.

Compound Interest (Capitalization)

Interest paid on a loan’s principal and on any unpaid interest. Compound interest (or capitalization) increases the amount of money the borrower must repay and increases monthly payments.

Cooperative Education (Co-Op)

Colleges and universities pay students to work in a professional setting while attending school.

Co-signer (Co-applicant)

An individual who co-signs on a loan; if the first borrower on a loan defaults, the co-signer (in most cases) is responsible for repayment on that loan.

Cost of Attendance (COA)

A student’s total cost of attending college. This figure includes books, fees, room and board, supplies, transportation, tuition, and other miscellaneous personal expenses. The COA also depends on marital and residency status.

Credit Rating

A numerical score based on credit limits, balances, and personal information assigned by credit bureaus and credit reporting agencies to measure individual’s creditworthiness. Federal Stafford loans do not require a credit score but credit checks are required for Federal PLUS loans and most private student loans.

CSS Profile

College Scholarship Service (CSS) is an application required by some private colleges and universities to determine eligibility for non-federal financial aid.

Custodial Parent

The parent that the student lived with the prior 12 months, in situations of divorce or separation.

Default

Non-payment or late payment of loan installments or failure to meet the terms and conditions of a loan. Typically, payments are considered in default after 270 days without payment. Lenders are entitled to all legal means necessary for debt recovery. This can include wage withholding (garnishing wages), withholding tax refunds, and even confiscation of collateral if any is attached to the loan. Defaulting on a government loan can eliminate future federal financial aid and will negatively affect credit rating.

Deferment

When a lender allows a borrower to postpone loan payments. A borrower must usually satisfy specific eligibility requirements for a loan deferment. If a loan is in default, the lender will not allow deferments.

Delinquent

A loan becomes delinquent when payments are not made on time. When delinquency occurs, the lender can add late fees to the loan payments.

Dependency Status

Whether or not the student is financially Dependent on his or her parents based on federal guidelines. All students are considered Dependents unless they are 24 years of age as of January 1, married, graduate or professional students, responsible for a legal Dependent other than a spouse, Veterans of the U.S. Armed Forces, or orphans or wards of the court (currently or formerly).

Dependent

Someone who depends on another for more than half of his or her financial support.

Direct Loans

Federal government funds loaned to students through institutions. This is referred to as the Direct Loan Program. If a student attends a school that participates in the Direct Loan Program, the student may not apply for federal loans through private lenders.

Disbursement

When a student’s federal loan funds are sent to the student. Loan payments are co-paid to both the student and the school. These funds cover educational costs (tuition, fees, etc.) and related living expenses. Any excess funds are released to the student or applied to the student’s account.

Eligible Program

A course of study that leads to a degree or certificate and meets the U.S. Department of Education’s requirements for an eligible program.

Enrollment Status

A student’s enrollment status indicates whether the student attends school full-, half-, or part-time. Full-time refers to a minimum of 12 credit hours. Half time usually refers to at least six credit hours. In most cases, a student must be enrolled at least half-time to qualify for financial aid.

Exit Counseling (or Exit Interview)

Prior to graduating withdrawing, or dropping below half-time enrollment, borrowers are required to complete exit counseling to help prepare them for repayment. Exit counseling provides valuable information about borrower’s rights and responsibilities, as well as helpful money-saving ideas.

Visit Us: https://studentloandaddy.com/

This article has written by Miss Money Belle

#education loan consolidation

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orbemnews · 4 years ago

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Pandemic’s Toll on Housing: Falling Behind, Doubling Up As the pandemic enters its second year, millions of renters are struggling with a loss of income and with the insecurity of not knowing how long they will have a home. Their savings depleted, they are running up credit card debt to make the rent, or accruing months of overdue payments. Families are moving in together, offsetting the cost of housing by finding others to share it. The nation has a plague of housing instability that was festering long before Covid-19, and the pandemic’s economic toll has only made it worse. Now the financial scars are deepening and the disruptions to family life growing more severe, leaving a legacy that will remain long after mass vaccinations. Even before last year, about 11 million households — one in four U.S. renters — were spending more than half their pretax income on housing, and overcrowding was on the rise. By one estimate, for every 100 very low-income households, only 36 affordable rentals are available. Now the pandemic is adding to the pressure. A study by the Federal Reserve Bank of Philadelphia showed that tenants who lost jobs because of Covid-19 had amassed $11 billion in rental arrears, while a broader measure by Moody’s Analytics, which includes all delinquent renters, estimated that as of January they owed $53 billion in back rent, utilities and late fees. Other surveys show that families are increasingly pessimistic about making their next month’s rent, and are cutting back on food and other essentials to pay bills. On Friday, as monthly jobs data provided new evidence of a stalling recovery, President Biden underscored the housing insecurity faced by millions. The rental assistance in his $1.9 trillion relief plan, he said, is essential “to keep people in their homes rather than being thrown out in the street.” Bobbing above the surface of a missed payment, the most desperate are already improvising by moving into even more crowded homes, pairing up with friends and relatives, or taking in subtenants. That is the case with Angelica Gabriel and Felix Cesario, residents of a two-story apartment complex in Mountain View, Calif., largely inhabited by cooks and waitresses and maids and laborers — the kinds of workers hit hardest by the pandemic. With their incomes reduced, Ms. Gabriel, a fast-food worker, and her husband, a landscaper, recently moved out of the bedroom they shared with their two youngest children, 6 and 8. They now rent the bedroom to a friend of a friend, while the couple and the kids sleep on a mattress in the living room. (Two daughters, 14 and 20, continue to share the other bedroom.) The arrangement has kept them current by bringing in $850 toward the $2,675.37 monthly rent, which Ms. Gabriel reeled off to the penny. “We weren’t able to pay the rent by ourselves,” she said in Spanish. “Suddenly the hours fell. You couldn’t pay, buy food.” Such changes are not directly reflected in rent rolls or credit card bills, but various studies show that disrupted and overcrowded households have a host of knock-on effects, including poorer long-term health and a decline in educational attainment. Reflecting the broader economy, the pain in the U.S. housing market is most severe at the bottom. Surveys of large landlords whose units tend to be higher quality and more expensive have been remarkably resilient through the pandemic. Surveys of small landlords and low-income tenants show that late fees and debt are piling up. One measure of relief came when Mr. Biden extended — by two months — a federal eviction moratorium that was scheduled to expire at the end of January, as states and cities also moved to extend their own eviction moratoriums. In addition, $25 billion in federal rental aid approved in December is set to be distributed. But for every million or so households who are evicted in the United States each year, there are many more millions who move out before they miss a payment, who cut back on food and medicine to make rent, who take up informal housing arrangements that exist outside the traditional landlord-tenant relationship. Updated Feb. 6, 2021, 11:08 a.m. ET “What happens in housing court will miss most of the people who need help,” said Davin Reed, an economist at the Federal Reserve Bank of Philadelphia. While rents have fallen in many big cities, vacancy rates for the cheapest buildings are essentially flat from last year, according to CoStar Group, a commercial property group. That is: Nothing about Covid-19 has changed the fact that there is a longstanding shortage of affordable housing, so anyone who loses an affordable home will still have a hard time finding a new one. And in the same way that subprime mortgages were an early indicator of the mid-2000s housing crisis, today informal renters — roommates and sublessors who don’t have a proper lease — offer a look below the surface. Low-income and frequently undocumented immigrants, these tenants find apartments through word of mouth, social media and Spanish-language news sites, where single-room dwellings (“I rent a room with a bed for $400”) are a staple of the classified advertisements. Kaitlin Heinen, a staff attorney at the Housing Justice Project in Seattle, said that over the past few months she had seen a marked increase in “unauthorized occupant” cases, in which a landlord seeks to evict someone for allowing an off-the-books roommate into the unit. Claas Ehlers, chief executive of Family Promise, a homeless-prevention nonprofit that has more than 200 affiliates in 43 states, said people without leases constituted an outsize share of the group’s requests for rental aid and assistance. “We’re seeing this domino effect where cheaper affordable housing is still saturated, so now we’re getting into unauthorized occupants,” Ms. Heinen said. It is a world of cash rent and oral agreements that are unstable and easily torn — a big reason that various studies show informal tenants are more likely to become homeless. “People who have places they can be evicted from are better off than those who don’t,” said Marybeth Shinn, a professor at Vanderbilt University who studies homelessness. John Wickham found his last place on Facebook. Mr. Wickham, 60, lives in Decatur, Ga., and worked in customer service for a tree-trimming business before losing his job last summer. He was collecting unemployment insurance but could no longer shoulder the $1,200 a month he was paying to live in a residential hotel, so he resorted to a $600 sublet with a stranger. His girlfriend found it on Facebook Rentals. Mr. Wickham has since fallen behind on his share of the rent and is looking for a new place. “We’re trying to find something in our budget, and that’s not looking pretty easy,” he said. Tenants like Mr. Wickham pose a huge challenge for governments trying to prevent displacement and stanch the flow of homelessness. Consider what happened last year as a federal deadline approached to spend rental assistance funds that flowed to states through the federal CARES Act. Despite a crush of demand for help, cities and states struggled to get money to tenants, in part because their criteria were too restrictive. “Our systems are built around these middle-class models where everybody has documentation for everything,” said Elizabeth Ananat, an economics professor at Barnard College. “Much of the world doesn’t work that way, but most of the people who write laws live in the world that works that way.” Cities like Los Angeles and Philadelphia have been trying to remedy this by moving to cash assistance programs. The California Legislature recently passed a bill that extended the state’s eviction moratorium and will use up to $2.6 billion in federal rental aid to help clear back rent. The legislation allows tenants to apply for rental assistance by submitting documents like bills and school registrations, instead of a formal lease, as many other city and state rental assistance programs require. “The state’s housing crisis wasn’t created by Covid, and this bill alone certainly doesn’t solve it,” Gov. Gavin Newsom said. “While we’ve got to recommit to housing affordability more broadly, this bill protects against the worst economic impacts of the pandemic in a balanced and equitable way.” In California and elsewhere, the work of distributing aid has largely fallen to nonprofits. They have also filled in the gaps. Take Destination: Home, a San Jose organization that works to end and prevent homelessness. In addition to distributing aid from the CARES Act, the group has raised some $30 million in private donations that it can deploy to a broader swath of the population, with fewer restrictions on how it is spent. About 40 percent of the organization’s rental aid has been distributed to tenants who do not have a traditional lease, said Jennifer Loving, its chief executive. “People we would have never seen before are now in trouble,” she said. On a recent evening in Mountain View, another nonprofit, the Reach Potential Movement, was distributing bread, cereal, milk and diapers to economically stressed families in the apartment complex where Ms. Gabriel and Mr. Cesario live. One of the residents, Hilario Saldívar, a 43-year-old cook and dishwasher, saw his hours cut to four hours a day, four days a week, so is struggling to afford the $2,600 monthly he pays for the two-bedroom apartment that he shares with his brother, his sister, her husband and their child. Mr. Saldívar hasn’t missed a rent payment, but staying current has come at the expense of his meager savings and even food. “We’re in a hard battle, a sad battle,” he said in Spanish. His neighbor Rosa Arellano, a 47-year-old mother of three, cleaned schools and offices before she was laid off last year. She is months behind on the $1,300 rent for her one-bedroom apartment. Ms. Arellano recently signed a document with her landlord stating that while California law prohibited her eviction for now, she still owed a $3,900 balance, rising to $5,200 with the February rent. After a year of lost income, she asked, “where are we going to get all that money we owe?” Liliana Michelena contributed reporting. Source link Orbem News #doubling #Falling #Housing #Pandemics #toll

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jayu123-me · 4 years ago

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Waterproofing Membranes Market to reach US$ 35 Bn by 2027

Waterproofing Membranes Market: Key Highlights

The global waterproofing membranes market was valued at ~US$ 19 Bn in 2018 and is anticipated to expand at a CAGR of ~7% during the forecast period.

The global waterproofing membranes market is primarily driven by growth in the construction industry and rise in the need to improve the quality of construction. Emerging and developed economies across the globe are carrying out infrastructure developments such as roadways, railroads, and river bank protection projects to sustain economic growth. These civil construction projects boost the consumption of waterproofing membranes, which are commonly accepted as durable and long-lasting products.

Key Drivers of Waterproofing Membranes Market

Waterproofing membranes are extensively employed in commercial, residential, and industrial structures, as these protect surfaces from harsh climatic conditions. Macroeconomic factors such as improvement in economic conditions in developing countries, growth in purchasing power, and recovery of Europe from the debt crisis are boosting the consumption of waterproofing membranes. End users of waterproofing membranes, such as construction, mining, roofing, and landfills & tunnels, have been expanding their business substantially since the last few years.

Waterproofing is paramount to the success of green roofs. Waterproofing membranes help prevent the entry of water into a building and act as barrier against damage from root penetration. These membranes also provide better tolerance to high temperature, roof drainage falls, airtightness, and vapor control to buildings. These factors are estimated to make waterproofing membranes vital for the protection of overall structures, in order to protect these overall structure of green roofs against puncture and imperviousness to water.

To obtain all-inclusive information on forecast analysis of global Waterproofing Membranes Market, request a Report Brochure

Global Waterproofing Membranes Market: Liquid-applied Membranes to Offer Attractive Opportunities

In terms of type, liquid-applied membranes was a highly attractive segment of the global waterproofing membranes market in 2018. The segment is expected to maintain its attractiveness during the forecast period, due to their easy availability and low production cost.

Liquid-applied membranes are sprayed or applied by a brush or roller to the surface that needs to be waterproofed. These membranes have elongation properties, durability, flexibility, abrasion, and chemical resistance, which makes them ideal for waterproofing.

REQUEST FOR COVID19 IMPACT ANALYSIS –

https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=14309

Liquid-applied membranes help extend the service life of structures such as car parks, balconies, podium decks, and green roofs. The major advantage of liquid-applied membranes over other membranes is lack of joint-free process, as there is no likelihood of leakage of water, unlike in roll sheet membranes and other waterproofing methods.

Fluctuation in Prices of Raw Materials to Hamper Waterproofing Membranes Market

Gasoline is the primary raw material used in the production of bitumen waterproofing membranes. The demand for gasoline is still declining. This has adversely affected the supply of bitumen and asphalt. Furthermore, the high cost of manufacturing techniques, such as the oxidation process, has led to an increase in the production cost of bitumen-based waterproofing membranes. These factors are estimated to hamper the global waterproofing membranes market during the forecast period.

Europe Dominates Waterproofing Membranes Market

In terms of region, Europe accounted for a prominent share of the global waterproofing membranes market in 2018. It is expected to remain a highly lucrative region during the forecast period, due to rapid industrialization and rise in the demand for waterproofing products in roofing and water & waste management sectors in the region.

Rise in regulations on the requirements of new buildings in Europe is expected to drive the demand for waterproofing of structures in order to ensure their durability. This is anticipated to propel the lifespan of buildings. Increase in GDP and growth in investments in industrial and commercial sectors are estimated to boost the construction sector in the region in the next few years.

Top Five Players Account for Key Share of Global Waterproofing Membranes Market

The global waterproofing membranes market is highly moderately fragmented, as a large numbers of small players operate in the market. Currently, the global waterproofing membranes market is expanding at a steady pace. Key players are largely focusing on research and development activities. The top five players – BASF SE, Sika AG, The Dow Chemical Company, Fosroc International Ltd, and Carlisle Companies Inc. – cumulatively accounted for ~40% share of the global market in 2018.

BASF SE constituted a leading share of the global waterproofing membranes market in 2018. The company offers more than 100 types of waterproofing membranes. Its offices and manufacturing sites are located in almost every major city across the globe. The company invests in expanding its product portfolio in order to maintain its leading position in the market.

In May 2019, BASF SE introduced the Ucrete UD200 SR flooring system. Ucrete UD200 SR is a heavy-duty, trowel-applied polyurethane concrete floor system formulated for use in wet-process applications, and wherever slip-resistant floors are required.

Read our Case study at :

https://www.transparencymarketresearch.com/casestudies/chemicals-and-materials-case-study

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silagroup · 4 years ago

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Indian Real Estate 2020AC (After COVID) – A Full Reset

MACRO OVERVIEW

1) Central Governments across the world have provided massive stimulus to solve the economic problems arising due to the COVID-19 crisis, however, it is still likely that the United States and most parts of Europe are going to go into recession in 2020, impacting global growth.

2) As developed countries fire-fight problems in their own country, capital flows will be restricted to emerging economies like India in 2020. Two reasons: a) Post the recent correction, the Dollar adjusted returns in their home countries are comparable to those in emerging markets, b) National interests will supersede global interests; we will see more Nationalism and Regionalism in 2020.

3) The Indian government has made it clear that their priority is to tackle the health crisis first and then look at the economic impact, which is the right call given the fragility of our healthcare system.

4) India’s Sovereign rating is BBB-, the Lowest Investment Grade. If it gets further downgraded to below Investment Grade (Junk), that would in turn severely affect the economy. This is one of the reasons why it will be difficult for the Indian Government to print money and expand the balance sheet significantly.

5) Most economists think Indian GDP growth will be around 2% in FY21, this will put pressure on the overall economy and lead to unemployment challenges. On the positive side, the sharp fall in Oil prices will definitely benefit India; this will help manage the current account and inflation. Additionally, India’s large foreign exchange reserves of >$450 billion is reassuring during this crisis period.

INDIAN REAL ESTATE SECTOR

1) The Indian Real Estate sector has had a tough run over the last few years; there was optimism that on the back of strong Commercial Real Estate demand in 2019, the Residential market (which accounts for approx. 75%-80% of Indian Real Estate) could see a revival in 2020. However, the COVID-19 related economic crisis has derailed this recovery.

2) NBFCs who have done most of the heavy lifting when it comes to providing liquidity to the Real Estate sector in recent years are dealing with their own set of liquidity problems. While some of them had worked on raising capital to solve the near-term Liability side issues on their Balance Sheet, they will now need to very closely monitor the Asset side, and in many cases, look at restructuring loans. Unless the RBI steps in with remedial measures, it is expected that Banks and NBFCs will need to recognize of a lot more NPAs in FY21.

3) It is unlikely that global capital will flock to the distressed opportunities in the Indian Real Estate sector. The financial returns in their home country on a Dollar and risk-adjusted basis, may appear much more attractive, in the near term.

Sector overview:

– Residential – Prices are expected to come down by at least 15-20% in most micro markets. However, with a lower number of launches in the last couple years and improving (albeit slowly) demand, the unsold inventory is reaching more palatable levels + mortgage rates are also trending lower – both positive signs!

– Commercial – 2019 was one of the strongest years for Commercial Real estate with record absorption of >60mn sqft. However, 2020 will be a very challenging year; absorption may be 30-40% lower than 2019 coupled with rental yield and collection pressures.

– Retail and Hospitality – Unfortunately, this sector will face severe headwinds; the Government will need to come out with measures to ensure they have a softer landing.

– Industrial, Warehousing – A small, but fast-growing space in Indian Real Estate. This may be the bright spark within Real Estate in 2020, due to the demand from e-commerce and manufacturing.

RECOMMENDATIONS TO INDUSTRY STAKEHOLDERS

Government:

1) The Construction and Real Estate sector, after Agriculture, is the largest employer in the country. Keeping this in mind, rational demands made by the various Industry Associations should be debated seriously and implemented.

2) A large stimulus is needed to support the sector, similar to a TARP (Troubled Asset Relief Program) the United States instituted post the 2008 Global Financial Crisis, or maybe issue tax-free bonds for the Real Estate sector.

3) Banks and especially NBFCs need to be given the support to continue lending to the Real Estate sector. It is estimated that approximately Rs. 700,000 Cr has been collectively lent to the sector; if the liquidity stops flowing to complete ongoing projects, a large part of this capital will come under severe stress. Many more funds like SBI Capital’s SWAMIH fund are required to help provide liquidity to the sector.

4) Subvention schemes should be re-allowed for home buyers. The consumer neither has the confidence nor the Capital to make investments in this uncertain environment. One needs to provide support to them in order to bring them back to buying Real Estate.

5) Help ease the cost pressure on Projects by reducing GST rates on Works Contracts and allowing input credit on project sales. Additionally, the State Governments need to revisit ready reckoner rates, reduce stamp duty, premiums and levies charged on projects as these are making many projects unviable.

Financial Institutions

1) The RBI needs to allow a one-time restructuring of loans like they did in 2008. Current norms may also need to be relaxed to allow the trading of these loans so that distressed funds can come in with much-needed liquidity.

2) The RBI should also look at buying Commercial Paper, Private Debt like many other Countries have recently done. This will send a strong message and improve liquidity in the system.

3) Banks should pass on the benefit of lower Interest rates to the Developers and Consumers immediately.

4) Banks and NBFCs should closely monitor each project cash flow and help the developers stay on track. It is a collective responsibility of all stakeholders in the Industry to bring the confidence back.

Developers

1) ‘The key to strategy is to know what not to do’ – if you are a land aggregator-turned- developer, tie up with someone who has Development and Financing (plus Cash Flow management) capabilities. Collaborative joint ventures and joint development agreements are needed; the Industry cannot risk the consumer being bitten again due to inefficient players and stalled projects.

2) The environment is challenging, but work on capitalizing projects at whatever the cost may be – high interest rates or a steep reduction in expected sale price. Survive this time; there will be many years and lots of opportunity in Indian Real Estate to thrive after surviving.

3) Focus on how much concrete you have poured in a month, as opposed to project profits. The market will determine price, developers should focus on raising capital and pouring concrete.

4) Constantly engage with the channel partner (broker), vendor and supplier networks. The Real Estate sector is going to have a challenging road ahead; one needs as many evangelists, well-wishers and industry relationships as possible, so that all stakeholders come out stronger.

Consumers

1) Post the expected 15-20% price correction, on a risk-adjusted basis the Residential Real Estate market is looking attractive in most micro markets across India. Cost of capital is also trending downwards for home buyers. While we are not calling a bottom, if you are looking to buy a home, this is a very good time to start doing active research.

2) There are many credible developers and good projects in each micro market. Read the project details on the RERA website and study the track record of the developer.

The Indian Real Estate sector needs liquidity! As much as it will absorb liquidity in any form, the sector really needs liquidity in the form of equity. The consumer and retail investors need to come back into the market in order to help revive what has been a very lucrative asset class, since independence. However, this may need a repricing of inventory, loans and land. A Full Reset.

Stay Safe!

Team SILA

Please Note: Information sourced from multiple Industry reports, webinars and our assessment of the current environment.

Sila facility management looks after residential facility management along with commercial and industrial facility management. Our Facility Management services team uses a combination of technology, engineered processes, and skilled human resources to efficiently manage Real Estate for our clients. For more information visit https://silagroup.co.in/

Read more at https://silagroup.co.in/blog/indian-real-estate-2020ac-after-covid-a-full-reset

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