Resolution professionals tap third-party funding to run sick companies in short term

During the CIRP period, to keep the bankrupt company a 'going-concern', the RP has to make payments such as professional fees, payments to workmen and towards the maintenance of the plant and machinery, among others. In most cases, such expenses are taken care of by the lenders.

from Banking/Finance-Industry-Economic Times https://ift.tt/4pxlMF3