The Summit propelled ahead with an exciting session on 'Rescue Financing.' The panellists were David Chew, Partner & Founder, DHC Capital, Jyoti A Singh, Founder, AJA Legal and Associates; Pooja Mahajan, Managing Partner, Chandhiok & Mahajan, Advocates & Solicitors; Kumar Saurabh Singh, Partner, Khaitan & Co. This session was moderated by Nitin Jain, Partner - Restructuring & Turnaround, EY India
A vibrant and effective rescue finance market is necessary for ensuring effective resolutions and minimum destruction in value of stress companies. Banks need to be more pragmatic in considering allowing of sharing of security and ceding priority charge on cash to allow new lender to provide rescue capital in stress situations quoted Nitin Jain, Partner, EY India