Jacob Silverman, President of Duff & Phelps, and Varun Gupta, Managing Director and India lead, shared their views on the initial set of cases under the Insolvency and Bankruptcy Code (IBC), and the company’s plans for India. The executives shared their views on the complexities involved in valuing distressed assets and best practices in valuation from developed economies. Silverman said India represents a massive opportunity for institutional investors from the West, particularly with the advent of the IBC. Currently Duff & Phelps has 300 employees across Mumbai, New Delhi, Bengaluru and Hyderabad, making India the largest presence for the firm within Asia with further growth anticipated.
Read the full article "Interest in India’s Stressed Assets Would Go Up Meaningfully."