The authorities is analyzing the demand of last-mile financiers to be given precedence in insolvency and chapter proceedings, a senior authorities official instructed Business Standard.

The ministry of company affairs (MCA) has representations from fund managers and personal lenders offering rescue financing to burdened initiatives. They need protection if an entity lands into the Insolvency and Bankruptcy Code’s (IBC’s) internet even after their help. “We come as a knight in shining armour and then that armour is taken away if a company goes into IBC,” stated S …

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