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AZB & Partners advises a mix of lenders and borrowers on the full gamut of financial matters, handling a range of corporate, acquisition and project finance transactions along with strategic acquisitions in the Indian private banking sector. Highlights included advising International Finance Corporation on a $10m loan extended to a Myanmar-based borrower. Infrastructure expert Bahram Vakil heads the team along with Ashwin Ramanathan, who focuses on structured finance transactions, and Gautam Saha. Founding partner Zia Mody is a highly regarded figure in the market.

Cyril Amarchand Mangaldas fields one of the largest banking and finance practices in the country, and is noted for its expertise in projects and infrastructure-related finance transactions. Cyril Shroff and Vandana Shroff are the key individuals, and L Viswanathan is recommended for complex regulatory issues.

At J Sagar Associates, key areas of expertise include cross-border financing transactions in the infrastructure and real estate spaces, and the team also has significant capability in restructuring and insolvency matters. Recent work included advising JP Morgan on a $110m loan to Amalfiaco, a subsidiary of Advent International. Aashit Shah heads the practice, Dina Wadia advises on investment funds and debt transactions, and Berjis Desai specialises in private equity matters.

Khaitan & Co. advises a range of major corporates, banks and financial institutions on the full spectrum of financing transactions, and has notable expertise in aviation finance, debt restructuring and regulatory issues. Devidas Banerji is a key practitioner, and recently assisted a consortium of lenders including Citibank, ICICI Bank and Bank of Tokyo-Mitsubishi with a £385m loan to Accord Healthcare. Shishir Mehta is also recommended along with name partner Haigreve Khaitan.

Luthra & Luthra Law Offices’ broad range of expertise includes asset management, project financing, trade and export finance and banking disputes, as well as significant regulatory capabilities. Rajiv Luthra and Bikash Jhawar are the main practitioners; the latter recently advised Essel Highways on funding options for a number of acquisitions.

Shardul Amarchand Mangaldas & Co is ‘a formidable firm’ that provides ‘invaluable advice’ and ‘always helps expedite the resolution to each matter’. The group’s pan-Indian practice is known for its expertise in high-risk banking litigation, acquisition finance, debt restructuring and real estate investment, and has recently seen an increase in bankruptcy-related instructions. Sapan Gupta provides ‘an exemplary level of commitment and professionalism, always ensuring that sufficient resources are dedicated to each deal’, and executive chairman Shardul Shroff is a well-regarded figure in the market. Key clients include Piramal Fund Management, HSBC and Edelweiss Financial Services.

Talwar Thakore & Associates provides ‘a thorough analysis and solid legal advice’, handling primarily acquisition and structured finance transactions for a range of domestic and international banks. Key contact Sonali Mahapatra recently advised Standard Chartered Bank on its INR8bn financing of an acquisition by Singapore Technologies Telemedia of a 74% stake in a data centres business owned by Tata Communications.

At Trilegal, areas of expertise include syndicated loans, project finance, regulatory issues and advice surrounding distressed assets and restructuring. The team recently advised key client ICICI Bank, along with a consortium of 29 banking institutions, on its first debt recast under the S4A scheme. Karan Singh is the key practitioner. Citibank and Industrial Development Bank of India (IDBI) are also clients.

ALMT Legal recently advised the State Bank of India’s Dubai branch on a loan facility provided to Sudarshan Chemical, and also assisted Mashreq Bank with commencing its operations in India. S R Arun co-heads the practice with Ryna Karani. Aliff Fazelbhoy is the other key figure.

At Dua Associates, highlights included advising BNP Paribas on various consortium agreements, internet banking issues and agreements for vendor financing, and acting for Syntel on a $500m long-term loan financing by Bank of America. Anish Ghoshal is the key practitioner.

Dhir & Dhir Associates’ client roster includes a mix of banks, corporates and financial institutions, and the team also acts for regulators, project developers and government entities on the financial aspects of major projects. Girish Rawat heads the practice, and recently advised PTC India Financial Services on a debt facility provided to Azure Power Thirty Six.

Economic Laws Practice assists a range of multinational lenders, small finance banks and corporate borrowers with the full spectrum of financing issues, and recently advised Yes Bank on an INR80m term loan to three limited liability partnerships. Babu Sivaprakasam heads the practice, where Deep Roy is the other key figure.

HSA Advocates handles a mix of domestic and cross-border banking transactions, and has notable expertise in the energy and infrastructure space. Harsh Arora and Anjan Dasgupta advised Yes Bank on the financing of the upscale Pullman hotel.

IndusLaw specialises in syndicated loan documentation, secured and unsecured debt transactions and cross-border finance matters. The team has significant project finance expertise, and regularly advises on projects in the energy, infrastructure and natural resources sectors. Navin Syiem is the name to note.

Kochhar & Co. provides pan-Indian support to a range of domestic and international banks, foreign investors, hedge funds and non-banking finance companies (NBFCs), advising on all aspects of lending and structured finance. Notable clients include Axis Bank, State Bank of India, Wells Fargo and ICICI Bank. Rupali Sharma and Anuj Kaila are the key figures in Mumbai and Bangalore respectively.

Link Legal – India Law Services is known for its strength in the projects and infrastructure space, and regularly advises on the financing aspects of projects covering airports, roads, highways and renewable energy generators. Anurag Dwivedi is the name to note.

Majmudar & Partners has significant expertise in the fintech sector, and undertakes a broad range of regulatory, transactional and contentious banking work for lender and borrower clients. Highlights included assisting Axis Bank with the setup of an online platform for a trade receivables discounting system, a matter led by managing partner Akil Hirani.

Phoenix Legal advises on project financing across a range of sectors including oil and gas, real estate, rail, energy and power, and regularly acts for a range of banks, project sponsors and private equity funds. Mumbai-based Sawant Singh leads the project finance practice, and New Delhi-based Abhishek Saxena handles a range of cross-border deals.

The ‘excellent’ team at Vaish Associates advises a range of domestic and international clients on the full gamut of financial agreements. Key clients including PNB Housing Finance, Punjab National Bank, Crédit Agricole and First Solar FE Holdings. Sandhya Iyer and Satwinder Singh are the leading figures.

Advaita Legal is advising Bibby Group, a UK-based financial services company, on its proposed exit from the Indian market, and is also acting for Asiya Capital Investments Company on its provision of credit facilities to Duet India Hotels. Atul Dua heads the team.

At Bharucha & Partners, Alka Bharucha advises on banking and structured finance transactions in the telecoms and infrastructure space, and Justin Bharucha focuses on projects in the wind, power and energy sectors.

DSK Legal specialises in real estate sector financing, advising on debt and equity participation in real estate transactions, mezzanine financing, and real estate investment trusts. Niraj Kumar is the key figure in the Delhi office.

Girish Dave is the name to note at Dave & Girish & Co, which advises a range of foreign banks in India on domestic and offshore financing transactions.

Gagrats has significant expertise in external commercial borrowings, securitisations and project finance, and is also noted for its strong corporate and aviation finance capabilities. Led by Rustam Gagrat, the team advised Jet Airways on several credit facilities provided by a range of lenders.

Juris Corp advises a mix of lenders, underwriters, arrangers and financial advisers on inbound investments, trade finance and financial regulatory matters. Restructuring and insolvency matters are also an area of strength. H Jayesh is the key practitioner.

Led by Samir Bedi, the team at SB Partners handles a diverse range of transactions including acquisition financing, portfolio buyouts, mezzanine lending loans and asset-based loan transactions. Highlights included advising a borrower on a $440m loan for a 600MW coal-based power project in the state of West Bengal.

At S&R Associates, areas of expertise include project financing, cross-border transactions, syndicated lending and insolvency and bankruptcy. Uday Walia heads the practice.

At Tatva Legal, highlights included advising ICICI Bank on a syndicated loan facility to Dynamic Technologies, and assisting Piramal Finance with a $9m loan agreement for the construction and development of residential apartments in Bengaluru. Key figures include managing partner N K Dilip, investment structuring expert Manav Nagaraj and Shailendra Komatreddy, who is the main contact in Bangalore.

Construction finance specialist ARA Law has advised on various high-value financing transactions over the last year, and the firm counts a number of major investment funds as clients. Rajesh Begur is a well-regarded figure, and associate Vinit Patwari is the other name to note.

Axon Partners has notable venture capital and private equity expertise, and regularly advises borrowers on corporate finance issues. Swarandeep Singh is the key name.

Brus Chambers, Advocates & Solicitors has significant shipping finance capabilities, and also advises on real estate, energy and mining-related project finance. Shrikant Hathi and Binita Hathi are the key figures.

Clasis Law acts for a range of Indian public and private sector banks, and also retains a strong client base of international banks, government organisations and consortium members. Vineet Aneja is the key contact.

Desai & Diwanji specialises in aviation and structured finance. Apurva Diwanji is the name to note.

Dhaval Vussonji & Associates has solid experience advising banks, NBFCs and borrowers on the full range of loan transactions, and is notably strong in the real estate, aviation, education and shipping sectors. Prachi Dave is known for her inbound and outbound investment expertise.

Hariani & Co Advocates and Solicitors has significant debt recovery expertise, and regularly advises on insolvency and restructuring along with the full range of loan agreement matters. Managing partner Ameet Hariani is the leading figure. Fastcash is a key client.

Jafa & Javali is advising Deutsche Bank on various real estate issues, and is also acting for RBS on credit card product agreements and business association agreements. Kirit Javali and Vikrant Singh Jafa are the names to note.

Kanga & Company Advocates and Solicitors has been notably active in the real estate space, advising lenders and borrowers on the financing aspects of major real estate projects. Practice head Preeti Mehta recently advised Reliance Yield Maximiser AIF Scheme – II on a $67m debt transaction.

Pradeep Ratnam heads the department at Krishnamurthy and Co, which has significant expertise in multijurisdictional infrastructure financing matters. Highlights included advising Yes Bank on a fund facility provided to Paradip International Cargo Terminal, and assisting L&T Infrastructure Finance with the provision of fund facilities for a wind power project.

Key clients at MDP & Partners include Bank of India, State Bank of India and Kalpataru. Managing partners Nishit Dhruva and Ashok Paranjpe are the key figures.

Shardul Thacker heads the team at Mulla & Mulla & Craigie Blunt & Caroe, which acts for overseas lenders in India-related ship financings, advising on the full range of financing and regulatory issues.

Nishith Desai Associates has significant infrastructure and project finance expertise, advising regulators, developers and financers on the full spectrum of projects and policy issues. Managing partner Nishith Desai is noted.

RNClegal is adept at handling cross-border investments in the banking and financial institutions sectors, and also advises on loan agreements, regulatory compliance issues and other transactional matters. Ravi Nath heads the practice.

Rajani Associates’ range of expertise includes asset finance, debt finance, mutual funds and insurance issues. The team also advises on loan agreements, rupee facility agreements and fund structuring and registering, the Securities Exchange Board of India being a key client. Sangeeta Lakhi is the name to note.

Managing partner Samir Jagad is the key practitioner at SJ Law, Advocates and Solicitors, advising primarily on the financing aspects of various road, power, port and transmission projects.

Samvad Partners’ Sanjeet Malik advises on banking transactions across India, Indonesia, Singapore and South Korea, among others, and is also adept at handling complex bankruptcy matters. Vineetha MG is also recommended.

Solicis Lex is noted for its strength in banking litigation. Managing partner Ameet Mehta is the key figure.

Solomon & Co. Advocates & Solicitors handles the full range of asset leasing, loan finance and structured finance. Other areas of expertise include debt restructuring, financial services sector issues and bankruptcy and insolvency. Aaron Solomon is the leading practitioner.

Wadia Ghandy & Co is noted for its expertise in securitisation issues. Kingshuk Banerjee is a name to note.

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