The Evolution of India Private Credit: From Deal to Default

Tuesday, 24 November 2026
4:00 pm - 6:00 pm (SGT)

Venue: WongPartnership LLP, 12 Marina Boulevard, Marina Bay Financial Centre Tower 3, Level 28, Singapore 018982

Session 1

Getting In Is the Easy Part

4:15 pm - 5:00 pm (SGT)

•Where the deals are – sectors, ticket sizes and borrower profiles driving Indian private credit
•Where does Singapore capital fit? – Global funds vs. Indian AIFs, banks and NBFCs and the use of GIFT City vehicles alongside Singapore SPVs
•Getting capital into India – has the new ECB regime completely obviated the FPI-NCD, FVCI structures? Analysing the new ECB regime and its relaxations
•Structuring returns – redemption premium, equity kickers, use of GIFT City, using treaties to optimise withholding tax, structuring growth credit
•Is the yield worth it? – risk-adjusted returns in Indian private credit and what investors are actually underwriting

Session 2

The Exit You Didn’t Plan For

5:15 pm - 6:00 pm (SGT)

•Early stress – what options does an offshore creditor have before formal insolvency?
•Restructuring across India and Singapore – consensual restructuring, IBC and the Model Law, the use of Singapore restructuring tools and intercreditor dynamics between offshore and onshore creditors
•Security enforcement – share pledges, guarantees and asset security: what can offshore creditors actually enforce in India and overseas?
•New money and rescue financing – opportunities and protections for private credit investors in stressed situations and the impact of pre-maturity aggressive new financing
•Distressed investing – secondary debt, loan-to-own and distressed M&A opportunities
•Lessons from the market – what recent Indian restructurings and private credit situations tell offshore investors about structuring, leverage and recoveries

Followed By

Drinks - 6:00 pm onwards

Speakers

Chan Wei Hsien

Managing Director – Private Credit, SeaTown Holdings

Chan Wei Hsien is a Managing Director responsible for private credit investments at SeaTown. He has over 3 decades of investment experience with UBS, Merrill Lynch, Henderson Global Investors, Morgan Stanley and IFC. Wei Hsien, a CFA charterholder, holds a...

Rajiv Kochhar

Founder & CEO, Avista Advisory Group

Rajiv has over 30 years of experience in financial services with experience across corporate finance, structured trade finance, M&A, financial restructuring and business advisory.

Smitha Menon

Partner, WongPartnership LLP

Smitha Menon is the Head of the firm's Restructuring & Insolvency Practice and a Partner in the International Arbitration, India and Special Situations Advisory Practices. Her main areas of practice are corporate disputes and cross-border restructuring.

Shreyas Bhushan

Partner, Resolüt Partners

Shreyas’ practice entails advising on cross-border PE, M&A and Structured Finance transactions from a legal, strategic and tax perspective. Shreyas also leads the public M&A and corporate governance practice at the firm, and has represented leading global...

Ruchir Sinha

Managing Partner, Resolüt Partners

Ruchir is the Managing Partner and leads private equity, M&A, and structured credit transactions for sovereign wealth funds, pension funds, global alternative asset managers, and strategic investors, both inbound and outbound. He negotiates and executes...