How India's rich are finding returns in the country's court backlog
· 14 min · Episode 844
Episode How India's rich are finding returns in the country's court backlog
Make The Ken's Daybreak X First Principles Autumn Playlist here. India has roughly 54 million cases stuck in its courts. Inside many of them is money someone is owed but can't afford to chase.
What if you could invest in that? Back the case, pay the legal bills, and take a cut if it wins. In the US and the UK, this is already a multi-billion-dollar asset class. In India, a handful of funders are trying to build it. But they've run into a strange problem. The same backlog that makes the idea so attractive is also what makes it so hard. Because here, of course you are betting on whether a case wins…but more importantly, you're betting on when.
In a recent edition of our weekly newsletter Ka Ching, The Ken reporter Mutasim Khan looked at who's making this bet, who's putting up the money, and who it's actually helping.
Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.
Links in the notes 3
Shows are listed from Apple Podcasts' charts and directory, and Podcast Index where it is used. Every show and episode belongs to its publisher and plays from the publisher's own feed; this site hosts none of them. Explicit shows are for adult profiles only, and children’s profiles hear only children’s shows. More about this list.