LegalPay Funds Brain Logistics, Seeking Hero MotoCorp Asset Recovery
Two wheeler Hero MotoCorp is an Indian cycle manufacturer whose assets may be seized by India-based litigation funder LegalPay. LegalPay has invested an undisclosed amount in the Brain Logistics claim. BusinessToday.in has the story, sharing the cat and mouse battle of Hero MotoCorp, which hired Brain Logistics services, but did not issue due payments. Brain Logistics took to India’s arbitration system to negotiate Hero MotoCorp’s contractual cash recovery. The head of arbitration awarded Brain Logistics the victory, but MotoCorp wheeled past payment. LegalPay now serves as third party funder to Brain Logistics, looking to recover cash or other receivables from Hero MotoCorp.