LegalPay, Indias first and largest third party litigation funding platform, has announced its second successful exit in the interim finance segment in last one year with 23% IRR (internal rate of returns).
The interim financier based in Delhi-NCR has achieved a successful exit from its investment in SARE Gurugram Pvt Limited (Sare Gurugram) within a short span of 11 months. In August of the previous year, the financier had provided undisclosed interim finance to the debt-laden real estate company.
Interim finance is a short-term lending granted to the debt-ridden companies undergoing corporate insolvency resolution process (CIRP).
Sare Gurugram, the unit of Sare Homes, had defaulted on dues to creditors for a construction of a township …
Read the full article at: https://www.cxotoday.com/press-release/legalpays-funding-expertise-in-the-legal-industry-helps-companies-under-insolvency-to-preserve-the-value-erosion-of-their-assets/