Funding for giving advances for taking the plant of 3rd party on long term lease
Our client entered into a long term arrangement with a sick company for leasing its plant for manufacture of its branded products and required funds to give advance for modernisation of the plant & additional working capital
- No fixed assets created in books of the lessee ( our client )
- Lessor company was a sick unit
Debt of Rs. 30.00 crore for taking up modernisation and additional working capital without disturbing existing banking arrangement
