Normally in the case of default, lenders are hesitant to throw good money after bad. But often, like in most bankruptcy cases, there is a need for additional finance to keep the business going. This is why lenders have a provision for priority finance, where the lenders are given top priority at the time of settlement.
from Times of India https://ift.tt/2TVMNx1
Monday, March 25, 2019
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