Non-Banking Financial Company
Companies with loans amounting to at least Rs2 trillion, about a quarter of the banking system’s stressed loans, are currently undergoing the insolvency resolution process.
Interim retail Management is a great solution because it meets this Industry’s unique need for flexibility and sectoral expertise. It also offers an opportunity to leverage the skills of highly experienced retail and FMCG interim managers to convert your plans into lasting results.
With the number of insolvency proceedings against distressed companies on the rise, and banks largely unwilling to lend to them, providing interim finance is increasingly emerging as an important step in the insolvency resolution process.
Interim finance is simply the debt raised by the resolution profession during the insolvency resolution period. It has been given super priority status, which means it needs to get paid back first before all other creditors.