The case is about how a company leads its way through a situation of turmoil in its short-term financing and liquidity position. It takes into account the financial statements for ten years to study the revamp mechanism that the company management adapts to make itself a profitable entity by ensuring crisp management of short-term funds and their deployment in day to day working of the company. The case draws specific inputs from the financial statements of White Paper Ltd. and analyses their policies in management of the working capital. The period in consideration is between the years 2010-2020. The problems faced by the company and how it came out of it need to be discussed and analyzed. Alternative courses of action need to be discussed by the students and should also evaluate the policy decisions.