Funding for providing Advances for securing a Long Term Lease for a Third Party Plant
Our client entered into a long term arrangement with a sick company for taking on lease its plant for manufacturing its products and providing required funds to give advance for modernisation of the plant & as also additional working capital to ensure its day to day running.
- 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
