Significance of Statement of Truth
The banker who knows the fight won't be fair or easy
Arvind is a bank manager in a fairly industrial tier 3 city. Inspite of his best efforts and support to the borrower, it is likely the loan which is currently in default will become NPA. This will be a huge blow to the performance of Arvind's branch and will perhaps reflect on his performance. The borrower is shrewd and resourceful. Whilst he continues to be respectful, Arvind has a bad feeling. He know well that the borrower will frustrate recovery and is immediately worried about the core assets relevant to the business. When stress appears, emails will be disputed and allegations will fly thick. As the borrower seeks to introduce ambiguity; facts will disputed and timelines will blur. He knows the truth and in the interest of bank/public money will suffer.
Problems of the Operational creditor
Bhiwandi warehouse operator forced into debt by someone else’s delay
ARUN BAGHEL
Arun pays his truckers on time because they depend on him. But the big retailer who owes him doesn’t think twice before pushing payments by 60–90 days. When Arun can’t pay his own staff, shame floods him. He feels like a defaulter for doing the right thing. His distress isn’t visible to anyone. His truth lives only in sleepless nights.
These illustrations demonstrate systemic failures that we at Solvendo see as incredible opportunities.
Solvendo has spent nearly a decade to innovate and build solutions that effectively deals with the hydra headed monster - Debt Defaults!
Resolving Distressed Debt
Distressed debt is not a financial event - it is an information problem. Solvendo creates verifiable truth, orchestrates legal pathways, and introduces intelligence into every stage of resolution. The result is a predictable, systemized, and tradable path to recovery.
A universe where distress is understood, priced, and resolved
Solvendo is focused on solving for information asymmetry in financial markets. We've spent more than half a decade in understanding, designing, architecting, and building the Distressed Debt Resolution Ecosystem.
Our technology solves for today's problems whilst ensuring its future ready for the evolving nature of credit and markets.