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Long-term funding/financing   for industrial and infrastructure projects based on a non-recourse financial structure is referred to as  Long Term Project Finance . The structure often includes a syndicate of lending institutions and multiple equity investors as sponsors. Due to the capital-intensive, high-risk, and time-consuming (long gestation period) nature of such projects, independent projects of a corporation necessitate the finesse of Project Finance approaches. In such circumstances, capital is injected through the  Project Finance  model based on the projected cash flow from the project, with most of the project assets and cash flows maintained securely. Since it allows firms to fund huge projects off-balance-sheet, project finance appeals to the private sector (OBS). Sponsors in project finance Each project sponsor has a distinct aim for investing in the  project finance   venture, which may differ depending on the sponsor type.  In such...

Section 5(26) of the IBC, 2016 - " Resolution plan " means a plan provided by the resolution applicant for the corporate debtor's bankruptcy resolution as a going concern in line with Chapter II of Part II of the Insolvency and Bankruptcy Code. A resolution applicant, in simple terms, is "anyone who submits a resolution proposal to the resolution professional."   A  Resolution Plan  is a rehabilitation plan for a corporate debtor (CD) that is going into insolvency. It is a report based on the information memorandum provided by the Resolution Professional that focuses on legal, financial, management, and technical methods to help the CD get back on its feet. It must be approved by the committee of creditors ("COC") and meet the IBC's required conditions. Preparation and Submission of the Resolution Plan A  Resolution Applicant  must submit information in accordance with the RFRP (Request for  Resolution Plan ) which is shared by RP after Coc’s appro...