LITIGATION FUNDING IN IB DISPUTES

The panels made way for another exciting session on 'Litigation funding in IB disputes' moderated by Anoop Rawat, Partner, Shardul Amarchand Mangaldas with panellists Piyush Prasad, Counsel (Foreign Law), Wong Partnership, and Annat Jain, Managing Director, Payard Investments Pvt Ltd and Arvindran Manoosegaran, Investment Manager, Omni Bridgeway sharing their perspectives.

The session on litigation funding was well curated and timely in view of the pandemic and the hurdles it has created for businesses in obtaining funding. I thoroughly enjoyed interacting with my Panelists.

Litigation recoveries have a huge potential in the Indian IBC context. This can be developed as an excellent asset class which would improve the recovery ratio for the creditors. Right processes need to be built around this asset class in order to give predictability to both creditors of the corporate debtor and the investors who fund this asset class. quoted Anoop Rawat, Partner, Shardul Amarchand Mangaldas

Piyush Prasad, Counsel (Foreign Law), Wong Partnership quoted IBC is a path breaking economic legislation; initiatives to make the Code less prescriptive with a focused commercial outlook and limited judicial interventions can take it a long way. Pre-packaged insolvency is one such great step towards time bound rehabilitation of Indian distressed businesses