From funding the corporate insolvency resolution process (CIRP) of bankrupt companies to providing financial support to fight arbitration suits or even helping companies find sector expert lawyers for fighting costly disputes, a clutch of litigation funding startups are offering a range of services in the third-party funding market in India.
Startups such as LegalPay, LitiCap, LegalFund and FightRight are helping companies fund their costly disputes, focusing on sectors including infrastructure, real estate, logistics, media entertainment and manufacturing.
“We are funding largely the plaintiff side, who want to recover their money, but now we have also started to fund defendants in certain cases,” said Kundan Shahi, CEO, LegalPay….
