Governance, Risk, Investigations and Disputes
Vijay Kumar Garg is a senior sdvisor in the restructuring practice at Duff & Phelps India. Vijay Kumar Garg has served in the Mid Corporate Group (MCG) of State Bank of India as a deputy general manager in Chennai, Kanpur and New Delhi and as general manager in MCG at Chennai. A qualified and registered Insolvency Professional, he has extensive experience in the CDR/SDR space and has handled stressed accounts across various industries such as iron and steel, road, power, auto and auto components, mining, textile and edible oil.
Vijay was a member of core group set up by the Ministry of Food to monitor the progress of the soft loan scheme for the sugar industry launched by the Indian government. He has chaired innumerable Joint Lenders Forum (JLF) meetings during his stint with State Bank of India. He also been involved in working out and finalizing Corrective Action Plans (CAPs) and ensured maximum acceptance by the JLF. He has also worked in high value and SME credit, international banking, rural and agricultural banking.
He has been closely involved in the Resolution Process of Bhushan Power and Steel and Jyoti Structures. He completed his Masters in Science (Mathematics) from BITS, Pilani and a M.Phil from Punjab University.
Following an accelerated M&A process, Duff & Phelps sold the business and assets to Reynolds Catering Supplies Limited in a transaction which preserved the jobs of all 62 staff.
Duff & Phelps achieved a business turnaround following 18 months of trading, during which time the theme park and additional properties were developed through investment of £35m. Exit was via CVA which enabled dividend to be paid to unsecured creditors.