Insolvency Value Proposition

E-Commerce : Relevance For Stressed Asset / Insolvency / Pre- Insolvency Situations

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Q) What can BSP Offer?

  • Around USD 150 Bn (Rs. 10 Lakh Cr) of NPAs in Indian Banking Sector
  • Large number of individual as well as Corporate defaults/bankruptcy
  • Huge delays due to multiple level of litigation and slow judicial proceedings preventing resolution of stressed assets and insolvency
  • Not a single platform available today which is focused on driving the resolution by expeditious commercial methods enabled by an e-commerce platform
  • Huge economic resources of the country are going down the drain without a robust platform to drive the resolutions
  • That’s where BSP aspires to change the insolvency resolution landscape by developing an e-commerce integrated platform focused on transaction services including stressed asset resolution

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