Firms To Watch: Banking and finance

Under the guidance of Tanuj Sud, the banking and finance team of Gravitas Legal regularly assists clients with matters related to project financings, insolvencies and debt recovery issues. The team works with a wide range of banks and NBFCs, with particularly strong expertise in the energy and manufacturing sectors.

Banking and finance in India

AZB & Partners

With a client roster comprising many leading domestic and international banks, AZB & Partners’ cross-border experience is an asset to clients with both transactional and regulatory banking mandates. The team is led by the duo of infrastructure and project finance specialist Bahram Vakil and Anand Shah, who regularly handles domestic and cross-border debt transactions. Hufriz Wadia is known for her expertise in the social and sustainable financing space, while Nikunj Maheshwari regularly advises banks, financial institutions and overseas funds on debt transactions. Other key members of the team include Hardeep Sachdeva, Ishan Handa and Karthik Mudaliar.

Practice head(s):

Bahram Vakil; Anand Shah


Other key lawyers:

Hufriz Wadia; Nikunj Maheshwari; Hardeep Sachdeva; Ishan Handa; Karthik Mudaliar


Testimonials

‘The team has good understanding and experience in the banking and financial services sector. It provides practical and innovative solutions on all legal issues or transactions.’

‘Anand Shah and his team have an outstanding understanding of the banking field. The team is approachable and listens to the requirements carefully.’

‘Anand Shah and Hufriz Wadia are always available, response focused on client requirements and provide practical solutions.’

Key clients

Goldman Sachs


Fitch Ratings


Bank of America


Credit Suisse


Barclays Bank


JM Financial


Tata Capital


HDFC Bank


KKR


Citibank N.A.


Julius Baer


Brookfield Asset Management Inc.


Investec Bank PLC and Investec Capital Services (India) Private Limited


Tata Motors Finance Limited and its group companies


Larsen & Toubro Limited and L&T Metro Rail (Hyderabad) Limited


Hero Enterprises group


Bahadur Chand Investments Private Limited


Kotak Mahindra Bank Limited & Kotak Mahindra Investments Limited


SBFC Finance Private Limited


ICICI Prudential Mutual Fund


Oaktree Capital Management


Jana Small Finance Bank Limited


PAG Asia Capital


Reliance


Yes Bank


Asian Infrastructure Investment Bank


Tata Cleantech Capital Limited


JP Morgan Chase Bank


Centrum Credit Opportunities Trust


Axis Bank


HPE Financial Services


HSBC Bank


CreditAccess Grameen Limited


ReNew Power


Tata Sons Private Limited


HDFC Limited


Bank of Nova Scotia


The Carlyle Group


Aditya Birla Finance Limited


Citicorp Finance (India) Limited


Shapoorji Pallonji Infrastructure


IIFL Finance


HDFC Capital Advisors Limited


Arpwood Partners


API Holdings (Pharmeasy)


Ampa Orthodontics (Toothsi)


Xander Investments


Varde Partners


Indusind Bank


Standard Chartered Bank


DMI Finance


Motilal Oswal


Experion Capital


Deutsche Bank


Fairfax Group


Kalpataru Group


Prestige Group


National Asset Reconstruction Company Limited


Edelweiss Asset Reconstruction Company Limited


Ares Asia


RMZ Group


Cyril Amarchand Mangaldas

Cyril Amarchand Mangaldas offers advice on project finance work, commercial borrowings and debt restructurings to clients from multiple industries, with a particularly strong presence in the energy and infrastructure sectors. L. Viswanathan regularly advises corporates on project financings with specific expertise in the regulatory aspects of the energy sector; he jointly heads up the team with acquisition and real estate finance expert Leena Chacko, bond and structured debt financing specialist Santosh Janakiram, and Cyril Shroff. Amey Pathak regularly advises major Indian and multinational banks and financial institutions on project development and project finance mandates. Gayatri Shanker and Subhojit Sadhu are other key contacts.

Practice head(s):

Cyril Shroff; L. Viswanathan; Leena Chacko; Santosh Janakiram


Other key lawyers:

Amey Pathak; Gayatri Shanker; Subhojit Sadhu


Key clients

PGP Glass Private Limited


Coöperatieve Rabobank U.A., Mumbai Branch


Piramal Pharma Limited


Standard Chartered Bank


Union Bank of India


Tata AutoComp Systems Limited


State Bank of India


Andhra Pradesh Urban Infrastructure Asset Management Limited


Sumitomo Mitsui Banking Corporation Singapore Branch and Barclays Bank


NCR Eastern Peripheral Expressway Private Limited


Axis Bank Limited


SWAMIH Investment Fund I


The Hongkong and Shanghai Banking Corporation Limited


JSA Law

A number of domestic and international banks, financial institutions and private credit funds turn to JSA Law for advice on the full spectrum of domestic and international lending transactions. The team works closely with the firm’s capital markets and M&A practices to provide holistic advice to its clients. The practice is led by Aashit Shah, who has substantial experience in advising banks, NBFCs and borrowers on complex and bespoke financings in India. Dina Wadia regularly assists clients with debt restructuring and security enforcement assignments, while Utsav Johri specialises in acquisition finance transactions. Soumitra Majumdar, Tirthankar Datta and Anish Mashruwala are other key contacts.

Practice head(s):

Aashit Shah


Other key lawyers:

Soumitra Majumdar; Dina Wadia; Utsav Johri; Tirthankar Datta; Anish Mashruwala


Testimonials

‘JSA Law’s practice in the banking and finance space is unique. The quality of knowledge and availability make the team capable of overachieving the targets. Under the guidance of Dina Wadia, all have been great in the field. The team is transparent to the client and ensures compliance at all levels.’

‘The JSA Law team has been punctual in all their deliveries and weekly meetings. They are precise and legally sound in helping the organisation in making business decisions.’

‘JSA Law is the go-to firm when it comes to development finance banking.’

Key clients

State Bank of India


Standard Chartered Bank


Deutsche Bank AG


Ares Asia


Goldman Sachs


JP Morgan


Edelweiss Group


Nomura


Credit Suisse AG


ICICI Bank


HDFC Limited


Bank of Baroda


DBS Bank Limited


Sumitomo Mitsui Banking Corporation


Mizuho Bank


MUFG Bank


Tata Group


National Highways Infra Trust


True North


Neo Asset Management


360 One


Citigroup


British International Investment (formerly CDC Group Plc)


FMO


PROPARCO


JM Financial


Oldenburgische Landesbank Aktiengesellschaft


Indian Railways Finance Corporation


Summit Digitel Infrastructure Limited


Work highlights


  • Advised JP Morgan and funds managed by Oaktree Capital on a $900m financing to the Vedanta Group.
  • Advised Tata Power Delhi Distribution Limited on raising a financing of ₹1.5bn from Asian Development Bank.
  • Advised State Bank of India on a ₹10,238cr financing to Adani Group for the Ganga Expressway’s development in Uttar Pradesh.

Juris Corp

Juris Corp has built a strong reputation for handling domestic and cross-border finance mandates for a plethora of clients, including large international and domestic banks, financial intermediaries, and large conglomerates. In addition to advising on financing transactions, the team also assists with regulatory and compliance issues. Vedanarayanan Lakshmanan has extensive experience in structuring and executing financial products; he jointly leads the team with Jayesh H, acquisition finance expert Saurabh Sharma, and Ankit Sinha, who regularly works with non-banking financial companies. Other key members of the team include equity financing and compliance specialist Rupul Jhanjee and associate Akshay Kelkar.

Practice head(s):

Jayesh H; Vedanarayanan Lakshmanan; Ankit Sinha; Saurabh Sharma


Other key lawyers:

Rupul Jhanjee; Akshay Kelkar


Testimonials

Juris Corp’s team is great to work with, knowledgeable of the Indian market and cross-border deals.’

‘Saurabh Sharma is a leading lawyer for banking and finance. Ankit Sinha is also another heavyweight for the team.’

Key clients

JSW Steel Limited


DBS Bank Ltd.


Reliance Industries Limited


Citibank N.A.


Deutsche Bank AG


Mashreqbank PSC


Barclays Bank PLC


Yes Bank Limited


J.C. Flowers Asset Reconstruction Private Limited


Volvo Financial Services (India) Pvt Ltd


IndusInd Bank Limited


Axis Bank Limited


Bank of India


Coöperatieve Rabobank U.A.


MUFG Bank, Ltd.


Work highlights


  • Advised Standard Chartered Bank on commercial papers and secured non-convertible debentures relating to a ₹250m facility extended to T-Hills Private Limited.
  • Represented MUFG Bank, Ltd., Gift Branch and Taipei Fubon Commercial Bank Co., Ltd. Singapore Branch in a credit loan agreement entered into with the State Bank of India.
  • Advised Provenance Land Private Limited on availing credit facility amounting to ₹5.9bn from Hong Kong and Shanghai Banking Corporation.

Khaitan & Co LLP

Khaitan & Co. relies on its pan-India presence to provide advice on complex financing transactions to a diverse client base that comprises major corporates, banks, NBFCs, and financial institutions. Key areas of expertise include acquisition financings, real estate finance work, mezzanine financings and regulatory issues. Kumar Saurabh Singh is well renowned for his expertise in all variations of debt transactions, while Devidas Banerji leads the team in Kolkata and is known for his expertise in the aviation finance space. Manisha Shroff specialises in domestic and international debt issuance transactions, while the duo of Siddharth Srivastava and Rajeev Vidhani have extensive expertise in syndicated lending arrangements and structured finance matters.

Practice head(s):

Kumar Saurabh Singh; Devidas Banerji; Manisha Shroff; Siddharth Srivastava; Rajeev Vidhani


Testimonials

‘Deep and broad competence with extremely dedicated professionals. Strong bench strength with an ability to pull in additional and very competent resources last minute when required which is critical when doing large billion $ deals. Would definitely recommend Khaitan & Co for any deal both in India and cross border.’ 

‘Manisha Shroff is superb to work with.’

The firm has a good banking and finance practice. The strength is of course they are well versed in the law as well as on the regulatory side of things and the partner with whom we deal is open to discussing new ways of analyzing situations for taking certain risk calls by the bank.’

Key clients

Ivanhoe Cambridge and Lighthouse Canton Pte Ltd.


Axis Bank Limited


Oman Investment Corporation


SBI Mutual Fund


Aseem Infra Finance Limited


HDFC Bank Limited


Morgan Stanley


Brookfield Asset Management


Tata Realty and Infrastructure Limited


IndusInd Bank Limited


Mizuho Bank, Ltd., Singapore


REC Limited and Power Finance Corporation Limited


Spaceway Wellness Private Limited


Inbrew Beverages Private Limited


RBL Bank Limited


Japan Bank for International Cooperation


ICICI Bank Limited


India Infradebt


SAEL Limited


Indian Renewable Energy Development Agency Limited


NIIF Infrastructure Finance Limited


Tata Cleantech Capital Limited


Tata Capital Financial Services Limited


State Bank of India


Kotak Mahindra Bank Limited


Bank of Baroda


Union Bank of India, Dubai


Mars Growth Capital Fund 1, L.P


IndusInd Bank Limited


Capri Xponentia Managers LLP


Investec Bank Plc


BPEA Investment Managers Private Limited


T.S. Rajam Rubbers Private Limited


L&T Finance Limited


JM Financial Credit Solutions Limited


Neo Asset Management Private Limited


Worldbusiness Capital, Inc.


Aditya Birla Finance Limited


IDFC First Bank Limited


Credit Suisse Securities (India) Pvt Ltd


Arka Fincap Limited


Work highlights


  • Represented Ivanhoe Cambridge and Lighthouse Canton Pte Ltd in availing various term loan facilities by its special purpose vehicles.
  • Advised Oman Investment Corporation on the acquisition of the entire shareholding of Sembcorp Energy India Ltd.

Shardul Amarchand Mangaldas & Co

The sizable team of Shardul Amarchand Mangaldas & Co has a strong track record of working with both lenders and borrowers on the full range of finance matters. The team, which is led by Shardul Shroff, works with a diverse set of clients, including domestic and international banks, private equity sponsors, institutional investors, clearing corporations, NBFCs, multilateral institutions, specialty funds, and corporate borrowers. Shilpa Mankar Ahluwalia regularly advises companies on fintech-related investments and product structuring, while Shubhangi Garg focuses on debt capital markets and structured finance work. Zubin Mehta is known for his expertise in bank acquisitions and bank exit strategies in India, and Deepto Roy is experienced in handling project finance mandates in the energy and infrastructure sectors. Other key members include Veena Sivaramakrishnan, Soummo Biswas and Anurag Dwivedi.

Practice head(s):

Shardul Shroff


Other key lawyers:

Shilpa Mankar Ahluwalia; Shubhangi Garg; Zubin Mehta; Deepto Roy; Veena Sivaramakrishnan; Soummo Biswas; Anurag Dwivedi


Testimonials

‘Responsiveness, out-of-box thinking.’

‘Partners are aware of the legal as well as commercial side of the transactions and are involved in the transaction, have good sector knowledge and market penetration.’

‘Veena Sivaramakrishnan and Zubin Mehta make a very impressive team – they bring different skillsets to the table. They have the ability to provide very practical solutions to some of the commercial issues that may crop up while making investments.’

‘Anurag Dwivedi – he has in-depth knowledge of the sector, provides easy solutions to complex problems, is involved in the transactions and provides partner time to address key concerns.’

Key clients

Citibank N.A.


DBS Bank India Limited


Yes Bank


State Bank of India


Barclays


BDA


Acre


HDFC Bank Limited


IndusInd Bank Limited


ICICI Bank Limited


Axis Bank Limited


Aditya Birla Finance Limited


Kotak Investment Advisors Limited


Work highlights


  • Assisted Carlyle with the acquisition of 9.99% of the total paid-up share capital of Yes Bank.
  • Assisted Barclays Bank with the extension of certain facilities to an Ontario Teachers’ Pension Plan Board.
  • Advised a group of 10 investors led by Assets Care & Reconstruction Enterprise Limited on a marquee debt restructuring undertaken by an asset reconstruction company pursuant to SARFAESI Act.

Talwar Thakore & Associates

Clients from a variety of backgrounds come to Talwar Thakore & Associates for advice on a range of financing transactions, including structured finance, project finance, equity finance, mezzanine finance, and securitisation mandates. The team has particular expertise in domestic and cross-border fundraisings and acquisition finance transactions. Sonali Mahapatra has longstanding experience in handling debt restructuring and debt capital markets work; she jointly heads up the team with Gautam Saha, who regularly advises international and domestic lenders in India. Rituparno Bhattacharya focuses on the areas of asset finance securitisation and trade finance, while Nidhi Rani is experienced in acting for lenders on structured and leveraged finance deals. Pragya Sood, Ambarish Mohanty and Tanay Agarwal are other key contacts.

Practice head(s):

Sonali Mahapatra; Gautam Saha


Other key lawyers:

Rituparno Bhattacharya; Nidhi Rani; Pragya Sood; Ambarish Mohanty; Tanay Agarwal


Testimonials

‘Talwar Thakore & Associates’ banking and financing team is our go-to for complex and structured financing deals. Their ability to pull off complicated and heavy deals with practised ease and clinical efficiency makes them a strong proposition in the Indian legal market. Sonali Mahapatra and Rituparno Bhattacharya are strong partners with wonderful commercial sense, legal knowledge, and relevant market knowledge. The associate quality is strong, and their documentation is on par with most international law firms.’

‘The team is a very knowledgeable and has exceptional work ethics.’

‘The team is very responsive and gives commercial and practical advice that reflects the requirements of the transaction.’

‘Ambarish Mohanty is excellent.’

Key clients

Asian Development Bank


ADM Capital


Ares SSG


Avendus


Bank of America


Barclays


BNP Paribas


Citibank


Deutsche Bank


Embassy REIT


Farallon Capital


Goldman Sachs


HSBC


J P Morgan


Morgan Stanley


Nayara Energy


Nomura


Standard Chartered Bank


Tor Investment Management


Blackrock


Export Development Canada


International Finance Corporation


M&G Plc


U.S. International Development Finance Corporation


Work highlights


  • Advised Barclays Bank PLC, Deutsche Bank AG, Singapore Branch, Standard Chartered Bank (Singapore) Limited on two loan facilities and a note issuance aggregating to $5.3bn.
  • Advised HSBC, MUFG and Standard Chartered Bank on a term loan facility of up to $1.2bn availed by an offshore subsidiary of Biocon Biologics Limited.
  • Assisted ADB with its term loan facility of up to $131m to Nhava Sheva Freeport Terminal Private Limited, an equal joint venture between J M Baxi Ports & Logistics Ltd and CMA Terminals.

Trilegal

Trilegal covers a wide range of domestic and cross-border financing transactions for major public and private sector banks, financial institutions, foreign investors, corporates, credit funds, and NBFCs. Ameya Khandge heads up the practice and specialises in structured finance, restructuring, and leveraged finance work, while Pranav Sharma regularly acts for domestic and foreign lenders on project financing matters. Joseph Jimmy has significant experience of handling a wide range of cross-border and domestic debt financing transactions. Other key members of the team include experienced mezzanine investments practitioner Nishant Parikh and Mallika Chopra, who specialises in structured debt transactions.

Practice head(s):

Ameya Khandge


Other key lawyers:

Joseph Jimmy; Mallika Chopra; Nishant Parikh; Aniruddha Sen; Prasan Dhar; Pranav Sharma


Testimonials

‘We have established a robust and enduring partnership with Trilegal, collaborating on numerous transactions. Recently, our engagement expanded to encompass their esteemed banking and finance team. From the outset, our experience with the team has been nothing short of exceptional. Their unwavering accessibility, adept problem-solving skills, and solution-centric approach have proven invaluable in various transactions.’

‘Under the leadership of Joseph Jimmy, the banking and finance team has emerged as a pivotal driving force. Their contribution extends beyond a merely supportive role, as they actively shape and orchestrate pivotal deals for our organization. Their proactive engagement in comprehending and pinpointing potential business challenges showcases their commitment to delivering insights that transcend the legal realm.’

‘Mallika Chopra and her team – their knowledge, experience of handling financial documentation, responsiveness and overall support.’

Key clients

British International Investment (formerly, CDC Group Plc.)


State Bank of India


Axis Bank Limited


HDFC Bank Limited


Tata Cleantech Capital Limited


ICICI Bank Limited


Standard Chartered Bank


Kotak Mahindra Bank and Kotak Mahindra Investment Limited


Axis Bank Limited


Piramal Capital Housing Finance Limited


International Finance Corporation


Centrum Credit Opportunities Fund


JM Financial Limited


Actis Highway Infra Limited


Mitsui & Co. Ltd.


Apollo Management Singapore Pte. Ltd.


Deutsche Bank AG


KNR Tirumala Infra Private Limited


DA Toll Road Private Limited


TOR Investment Management (Hong Kong) Limited


Bain Capital Credit L.P.


Oaktree Capital Management


Pacific Alliance Group


SC Lowy


Davidson Kempner Capital Management LP


Veld Capital


Work highlights


  • Advised British International Investments on the reviewing, negotiating and updating the English law-governed transaction documents and circular from an Indian law and regulatory perspective.
  • Assisted Piramal Capital & Housing Finance Limited with the step plan, documentation, stock exchange filings, discussion with multiple stakeholders.
  • Advised Vibrant Energy Holdings on reviewing and negotiating the Indian law financing documents on behalf of Tasoula Energy Private Limited and VEH Srishti Energy Private.

Dentons Link Legal

Dentons Link Legal’s banking and finance team regularly assists major Indian private and public sector banks with domestic and international transactions spanning across a wide range of sectors, including the construction, infrastructure, energy, and education industries. Nidhi Pathania is well renowned for her expertise in handling complex insolvency matters for multiple Indian banks, and jointly leads the team with Anand Srivastava. Samantha Fernandes’ practice entails a wide range of transactions, including syndicated financings, NCD issuances, and cross-border financing work, while Namita Das is active in the debt resolution space. Other key members include litigation expert P Ravi Charan and Y Sriniwas Arun, who regularly advises corporates and banks on the restructuring of debt and stressed assets.

Practice head(s):

Anand Srivastava; Nidhi Pathania


Other key lawyers:

Samantha Fernandes; Namita Das; P Ravi Charan; Y Sriniwas Arun


Testimonials

‘Partner involvement and sector experience and expertise.’

‘Nidhi Pathania and Samantha Fernandes: – involved in the transaction and aware of the key issues – good at drafting and negotiation – good sector knowledge and experience.’

Key clients

Axis Bank Limited


ICICI Bank Limited


HDFC Bank Limited


Bondbazaar Securities Private Limited


Trust Investment Advisors Private Limited


State Bank of India


HSBC


Bank of Baroda


IDBI Bank


Punjab National Bank


Yes Bank Limited


Power Finance Corporation Limited


Aseem Infrastructure Finance Limited


Export-Import Bank of India


DSK Legal

DSK Legal is highly active in the banking and finance sector and works with a mix of private sector and public sector clients, spanning both borrowers and lenders. Sajit Suvarna and Srinivas B.R. are considered among the leading names in the real estate and construction finance sector, while Anjan Dasgupta is renowned for advising Indian and international clients on financial services regulations and policies. Ajay Shaw handles advisory and transactional work pertaining to corporate funding, project funding and structured funding, while Roochi Loona specialises in representing public sector banks and government authorities in project finance and structured finance transactions. Other key contacts include Ashish Pahariya, Karan Ajitsaria, Saloni Mody and Avinash Kumar Khard.

Practice head(s):

Sajit Suvarna; Anjan Dasgupta; Ajay Shaw; Srinivas B.R.; Karan Ajitsaria; Saloni Mody; Avinash Kumar Khard; Ashish Pahariya


Other key lawyers:

Roochi Loona


Testimonials

‘The people and technical expertise of DSK Legal stand out.’

Key clients

AllCargo Inland Park Private Limited


Aurelius Healthcare Investments B.V.


Edelweiss Group


Aseem Infrastructure Finance Limited


HSBC Bank Canada


Deutsche Bank AG


IndusInd Bank Limited


City and Industrial Development Corporation of Maharashtra Limited


ANZ Bank


Narotam Sekhsaria Foundation


Canara Bank, London Branch


Bajaj Finance Limited


Arka Fincap Limited


Union Bank of India


Prius Commercial Projects Private Limited


Nitco Limited


Investec India


Piramal Capital and Housing Finance Limited


Canara Bank


State Bank of Mauritius


Bharat Serums and Vaccines Limited


Jai Beverages Pvt. Ltd


Eternis Fine Chemicals Limited


NIIF Infrastructure Finance Limited


Valecha LM Toll Private Limited


Flipkart Internet Private Limited


National Infrastructure Investment Fund


PhonePe Private Limited


MO Alternate Investment Advisors Private Limited


Motilal Oswal Home Finance Limited


Piramal Group


Indian Bank


Bank of Baroda, New York Branch


Kotak Mahindra Bank Limited


Wise Payments


i3 Verticals LLC


Athaang Infrastructure Private Limited


Leela Group


Mahindra Rural Housing Finance Limited


Work highlights


  • Advised CIDCO on the financing aggregating in three different matters pertaining to the Pradhan Mantri Awas Yojana scheme.
  • Assisted Aditya Birla Finance Limited, with the securitisation and assignment of various secured and unsecured loans.
  • Advised the Debenture Holders, entities belonging to the Edelweiss Group with the financing extended to Cadence Enterprises Private Limited.

IndusLaw

The banking and finance team at IndusLaw handles a wide range of cross-border matters related to structured finance, security creation, inter-creditor issues, debt restructuring, and the issuance of corporate debt. The team works with borrowers and lenders from multiple industries, with a particularly strong presence in the energy, infrastructure and natural resources sectors. Sushmita Gandhi regularly handles proceedings against some of the biggest debt defaulters in India, while Ashutosh Narang specialises in all forms of debt financings and restructuring transactions. The team was further strengthened by the arrival of Pritha Chatterjee, who has extensive experience in advising clients on syndicated loans, foreign currency financings, and debt investments.

Practice head(s):

Gaurav Dani; Sushmita Gandhi; Ashutosh Narang; Padmaja Kaul; Shabbeer Ahmed; Apurbalal Malik; Pritha Chatterjee


Testimonials

‘IndusLaw team is excellent, good domain knowledge and delivery is quick, as per the timelines.’

‘Ashutosh Narang is a thorough advocate and takes a practical approach while negotiating documents. He believes in a quick turnaround.’

‘The team provides solutions under one umbrella, and briefing counsel attached to the firm are also important. Easier access through technology is the most important aspect.’

Key clients

GAIL (India) Limited


DBS Bank


J.C. Flower Asset Reconstruction Company Pvt. Ltd.


YES Bank Limited


Pune Solapur Expressways Private Limited


MSTC Limited


Axis Bank Limited


ICICI Bank


IndusInd Bank


Asset Care and Reconstruction Ltd


Citibank


Asset Reconstruction Company (India) Limited


Phoenix ARC Private Limited


Edelweiss Asset Reconstruction Company Limited


DMI Finance Private Limited


L&T Finance


HDFC Bank Limited


Thrissur Expressway Limited


TATA Realty and Infrastructure Limited


KMC Infratech Limited


RBL Bank Limited


Certus Capital Private Limited


Fishin’ India Private Limited and Yari Limited


Work highlights


  • Advised GAIL (India) Limited, a Maharatna entity of the Government of India, on the issuance of Listed Rated Taxable NCDs of up to ₹1,575cr.
  • Representing DBS Bank in a highly contentious litigation against Religare group of companies for $110m.
  • Advised Pune Solapur Expressways Private Limited on taking over of the outstanding loan of ₹711cr from Kotak Mahindra Bank Limited and Union Bank of India, by a consortium of lenders comprising Central Bank of India and Bank of Maharashtra.

Kochhar & Co.

Kochhar & Co. fields a team of dedicated banking and finance lawyers who work closely with the firm’s bankruptcy and litigation teams to assist clients with financing transactions. Key areas of strength include project finance, syndicated lending, acquisition finance and trade finance mandates. Pradeep Ratnam is known for his expertise in cross-border and international financings; he jointly heads up the team with Sujatha Rangachari and Sharmil Bhushan, who handles debt restructuring, security enforcement and insolvency resolution assignments. Other key members of the team include Parul Verma and Swapnil Sant, who have particular expertise in handling project finance transactions in the real estate and infrastructure sectors.

Practice head(s):

Pradeep Ratnam; Sharmil Bhushan; Sujatha Rangachari


Other key lawyers:

Parul Verma; Swapnil Sant


Testimonials

‘The team is pro-active, solution oriented and thinks client first.’

‘Being master of their trade is most important.’

Key clients

Khargone Transmission Limited


SBI Mutual Fund


Good Host Spaces Private Limited


Axis Bank Limited


Radiance Renewables Private Limited


Piramal Capital Housing Finance Limited


Jupiter International Limited


Tata Cleantech Capital Limited


Arka Fincap Limited


Bharti AXA Life Insurance Company Limited, Edelweiss


Tokio Life Insurance Company Limited and Edelweiss


General Insurance Company Limited


CFM Asset Reconstruction Private Limited


Niyogin Fintech Limited and Blacksoil Capital Private Limited


Exim Bank


Arth Padarth Factors and Finance Private Limited


GoDigit


Kotak Infrastructure Debt Fund


Work highlights


  • Advised Sterlite Transmission on the project financing of its SPV (Khargone Transmission Limited) for implementing the transmission system for Western Region associated with Khargone Thermal Power Plant.
  • Advised SBI-Mutual Fund on its investment in the rated, listed, redeemable and non- convertible debentures issued by Prestige Projects Private Limited.
  • Advised the senior lenders of Axis Bank and TCCL on a complex holdco project financing for a renewable energy company Azure Power on a 200MW utility scale project in Rajasthan, India.

Luthra and Luthra Law Offices India

Luthra and Luthra Law Offices India handles domestic and cross-border transactions for a wide variety of clients, including banks, financial institutions, NBFCs, investment funds, mutual funds, and foreign investors. Karan Mitroo regularly assists clients with foreign and domestic debt financings, and Girish Rawat’s practice has a particular focus on project finance and acquisition finance work. Nishant Singh is known for his expertise in debt financing transactions, both domestic and international. Purvi Dabbiru and Kartikeya Dubey are experienced in advising both borrowers and lenders on the full spectrum of project finance transactions across multiple business sectors.

Practice head(s):

Karan Mitroo; Girish Rawat; Nishant Singh; Purvi Dabbiru; Kartikeya Dubey


Testimonials

‘The team has strong in-depth knowledge and domain expertise.’

‘Karan Mitroo stands out for his strong knowledge, temperament during tough negotiations and above all, his approachability.’

‘The banking & finance team at Luthra & Luthra Law offices is responsive and abides with the timelines without compromising on the quality.’

‘Luthra & Luthra Law Offices has credibility in the market and has been catering to my/my organisation’s requirements for years. The qualities that make them stand out from the other law firms I worked with are responsiveness, soft-spoken nature and devoted time in resolving the matter rather than keeping the discussion going.’

Key clients

HDFC Bank Limited


Renew Power


ICICI Bank Limited


Yes Bank Limited


India Infrastructure Finance Company Limited


First Solar


State Bank of India


DBS Bank


Aseem Infrastructure Finance Limited


Tata Cleantech Capital Limited


Jindal Steel and Power


Indian Renewable Energy Development Agency Limited


NIIF IDF


Axis Bank Limited


Virescent Renewable


Aditya Birla Finance


Enel Group


L&T Finance Limited


Coöperatieve Rabobank U.A


Federal Bank Limited


Engie Group


MUFG Bank


Sumitomo Mitsui Banking Corporation


Work highlights


  • Advised Renew Power – Surya Roshni on the constitution of India’s largest project finance fundings in the form of ECBs in its renewable energy sector for a single project.
  • Advised Indian Renewable Energy Development Agency Limited on financial assistance aggregating up to ₹2676.7m for part financing the cost of acquisition of 3000 all-electric cars.
  • Advised Oriental Infra Trust on the financial assistance from IndusInd Bank Limited and L&T Finance Limited aggregating up to ₹1350cr.

Phoenix Legal

Phoenix Legal is highly experienced in the structured capital and debt market space and regularly advises a variety of lending institutions. The team is equally effective in syndicated lending work and assists clients with the structuring of loans, letters of credit and transactional banking facilities. Sawant Singh is known for his expertise in asset reconstructions and consortium banking transactions and jointly heads up the team with Abhishek Saxena and cross-border financing expert Aditya Bhargava. Other key members include Harsh Arora, who has built a reputation for advising major international and Indian banks and financial institutions on investments in Indian companies, and Mithila Bhati, who regularly advises clients on acquisition financings.

Practice head(s):

Sawant Singh; Abhishek Saxena; Aditya Bhargava


Other key lawyers:

Harsh Arora; Mithila Bhati


Testimonials

‘The Phoenix Legal team stands out among all our legal partners with their a) ability to navigate and provide practical advice on the nuances of the Indian legal landscape; b) responsiveness; and c) ability to negotiate strategically.’

‘Aditya Bhargava: highly responsive; provides practical advice. Mithila Bhati: highly detail oriented and responsive.’

‘Harsh Arora: he is involved in the transactions and is aware of the key concerns. Solution oriented and has sector knowledge.’

Key clients

United States International Development Finance Corporation


Asian Development Bank


Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V.


Enabling Qapital Limited


Finnish Fund For Industrial Cooperation Limited


BlueOrchard Microfinance Fund


IndusInd Bank Limited


MicroVest Short Duration Fund, LP


REC Limited


TARC Limited


Northern Arc Capital Limited


SBI Capital Market Limited


CredAvenue Private Limited


Deutsche Bank AG


HDFC Bank Limited


State Bank of India


Credlix


Bank of India


Samvad Partners

The banking and finance team of Samvad Partners acts for both borrowers and lenders in lending transactions and is the go-to firm for multiple private sector banks in India. Practice head Vineetha MG is known for her expertise in a broad range of financing matters, including project finance, corporate finance, microfinance, securitisation and structured product mandates and pre-litigation strategies. Aparna Ravi and Natasha Mahajan have longstanding experience in advising on lending and restructuring transactions in multiple jurisdictions. Sitara Pillai and Dhanusha Chandran are other key contacts.

Practice head(s):

Vineetha MG


Other key lawyers:

Aparna Ravi; Natasha Mahajan; Sitara Pillai; Dhanusha Chandran


Testimonials

‘The team is really good and well trained and knowledgeable. The firm also ensures that the matters have good partner time.’

‘Excellent team, excellent people, very good technical analysis and solution oriented.’

‘Vineetha MG- good sector and legal knowledge.’

Key clients

Aditya Birla Finance Limited


Axis Bank Limited


Avendus Finance Private Limited


Continuum Wind Energy (India) Private Limited


Continuum Power Trading (TN) Private Limited


Deepak Fertilisers and Petrochemicals Corporation Limited


HDFC Bank Limited


HSBC Bank (Mauritius) Limited


ICICI Bank Limited


India Infradebt Limited


India Resurgence Fund


JP Morgan


Incred Financial Services Limited


Kogta Financial India Limited


L&T Infrastructure Finance Company Limited


L&T Infra Debt Fund Limited


L&T Finance Limited


Trifecta Capital VDF Management LLP


Trinethra Wind and Power Private Limited


Shiksha Financial Services India Private Limited


Samena Capital


SRM Institute of Science and Technology


Watsun Infrabuild Private Limited


Yes Bank Limited


Work highlights


  • Advised Essar Oil and Gas Exploration and Production Limited on its capacity during the entire process of restructuring, including negotiation with the lenders and counsels.
  • Advised NTT Finance Corporation on structuring the credit facility as per the prevalent regulatory laws in the form of external commercial borrowing to an entity to Netmagic Solutions Private Limited, an entity incorporated in India.
  • Advised HDFC Bank Limited on drafting the transaction documents in respect of certain facilities availed by Ghodawat Consumer Limited from HDFC Bank.

ZBA

Boutique law firm ZBA is adept at handling banking and finance matters for a range of foreign and Indian banks and financial institutions. Key areas of expertise include cross-border and domestic loans, acquisition financings, and structured finance matters. The practice is led by Niloufer Lam, who has extensive experience in assisting public sector entities, acting as both lenders and borrowers, in high-value lending transactions.

Practice head(s):

Niloufer Lam


Key clients

Indian Railway Finance Corporation Limited


State Bank of India, London Branch, Bank of Baroda, IFSC Banking Unit and Sumitomo Mitsui Banking Corporation, Singapore Branch


Fasanara


Work highlights


  • Assisted Indian Railway Finance Corporation Limited with external commercial borrowing from Sumitomo Mitsui Banking Corporation, Singapore, MUFG Bank, Ltd. and Mizuho Bank, Ltd and Sumitomo Mitsui Banking Corporation, Singapore as Facility Agent.
  • Assisted Fasanara Capital Limited with the transaction of $100m term loan facility granted by Fasanara Securitization S.A. to Morus.
  • Assisted State Bank of India with the transaction of  $750m, a term loan facility granted by SBI, Bank of Baroda and SMBC to NTPC.

Tatva Legal Hyderabad

Clients from a variety of sectors come to Tatva Legal Hyderabad for an end-to-end service on financing transactions that includes conducting due diligence, structuring transactions, preparing transaction documents, negotiations, and advice on regulatory frameworks. K. Shivacharan Reddy regularly handles various cross-border and domestic corporate transactions for financial investors, banks and financial institutions, and jointly leads the team with Shailendra Komatreddy and Sanjay Kishore.

Practice head(s):

Shailendra Komatreddy; K. Shivacharan Reddy; Sanjay Kishore


Testimonials

‘Thorough work. Good knowledge and advice.’

‘Committed and available.’

Key clients

HDFC Limited


Piramal Capital Housing Finance Limited


India Real Estate Investment Fund


Altico Capital


JM Financial Credit Solutions Private Limited


SWAMIH Investment Fund


Investcorp Score Fund


Vistra (ITCL) India Limited


Work highlights


  • Represented HDFC Limited in multiple lending transaction of ₹1900cr to Phoenix Group.
  • Represented JM Financial Credit Solutions Private Limited in composite transactions for loans of up to ₹500cr to Cybercity Group.
  • Assisted Piramal Capital Housing Finance Limited with the filing of a case under Sections 7 and 95 of the Insolvency and Bankruptcy Code, 2016 against a corporate debtor and the personal guarantors.

ALMT Legal

ALMT Legal’s banking and finance practice has a particular focus on foreign exchange and banking regulations, structuring transactions, and loan restructurings and refinancings. Ryna Karani heads up the practice and has longstanding experience in advising clients on all aspects of domestic and international loan transactions, including drafting and negotiating loan agreements and security documents. Aliff Fazelbhoy has built a strong reputation for assisting international banks with loans in India, while Rajat Bopaiah specialises in public and private debt issuances.

Practice head(s):

Ryna Karani


Other key lawyers:

Aliff Fazelbhoy; Rajat Bopaiah


Key clients

Canara Bank


Housing Development Finance Corporation Limited


Mashreq Bank PSC


State Bank of India


Work highlights


  • Advised Canara Bank on its private placement of Tier 2 bonds for a value of ₹2000cr.
  • Advised Housing Development Finance Corporation Limited on transactional structuring, undertaking the legal due diligence of the borrower, drafting and reviewing of all loan related documentation and coordination with any other parties involved to finance the loan.

Bharucha & Partners

Bharucha & Partners is known for its ability to handle complex transactional and regulatory matters for a diverse client base that includes domestic and international banks, NBFCs and financial institutions. Rohit Sharma has particular expertise in project finance work in the infrastructure and energy sectors and jointly leads the practice with Alka Bharucha and Justin Bharucha.

Practice head(s):

Alka Bharucha; Justin Bharucha; Rohit Sharma


Key clients

Ashv Finance Limited


IDBI Bank Limited


State Bank of India


Asirvad Micro Finance Limited


Profectus Capital Private Limited


Spandana Sphoorty Financial Limited


Edelweiss Asset Reconstruction Company Limited


Annapurna Finance Private Limited


Krazybee Services Private Limited


Satya Microcapital Limited


Work highlights


  • Advised IDBI Bank Limited on extending a financing facility of ₹400cr to Aditya Birla Finance Limited.
  • Advised Satya Microcapital Limited on the issuance of listed market-linked non-convertible debentures aggregating up to ₹50cr.
  • Advised Rebel Foods Private Limited on the issuance of unlisted non-convertible debentures aggregating up to ₹25cr on a private placement basis.

Dhaval Vussonji & Partners

Clients from a wide range of sectors, including the real estate, aviation, education, power, infrastructure, telecoms and manufacturing industries, rely on Dhaval Vussonji & Partners for assistance with the full range of financing transactions. Prachi Dave has extensive experience in advising banks, funds, and conglomerates on matters related to mezzanine funding, structured finance and debt securities. Manisha Paranjape and Malavika Menon have in-depth knowledge of domestic banking and finance with particular expertise in the real estate sector.

Practice head(s):

Prachi Dave; Manisha Paranjape; Malvika Menon


Key clients

Piramal Enterprises Limited


IIFL One Value Fund – Series B


Kautilya Real Estate Finance


Indvalue Homes Private Limited


Piramal Capital and Housing Finance Limited


Kanpur River Management Private Limited


Aditya Birla Real Credit Opportunities Fund


SWAMIH Investment Fund I


Dhir & Dhir Associates

The banking and finance practice at Dhir & Dhir Associates has a particular focus on structuring and restructuring transactions and refinancing loans. The team is also known for its ability to advise both lenders and borrowers on contentious and non-contentious matters. Guranpreet Singh Sarna heads up the practice and has longstanding experience in advising on project, infrastructure and real estate financing mandates, further assisted by principal associate Shikha Singh, who has vast expertise in assisting with the real estate financing transactions.

Practice head(s):

Alok Dhir; Guranpreet Singh Sarna


Other key lawyers:

Shikha Singh


Testimonials

‘Their ability to provide quality legal inputs that meet the client’s requirement and turn around time.’

Key clients

India Renewable Energy Development Agency Limited


PTC India Financial Services Limited


Power Finance Corporation Limited


REC Limited


India Infradebt Limited


Tata Cleantech Services Limited


Saraswant Co-operative Bank Limited


O2 Power Group


Central Bank of India


MB Power


Work highlights


  • Advised O2 Power Group on availing financial assistance aggregating up to ₹4900.9m in setting up projects in the state of Karnataka from various financial institutions.
  • Assisted Power Finance Corporation Limited with the implementation of 50MW (AC)/68MWp (DC) Solar PV Plant at Bhilai Railway Marshalling Yard, District Durg, Chhattisgarh by Sherisha Rooftop Solar SPV Four Private Limited.

HSA Advocates

The banking and finance team at HSA Advocates is adept at handling a variety of domestic and international transactions, with a particular focus on project finance, corporate finance, and structured finance work. Practice head Sumit P. has longstanding experience in advising clients on PE funding and FDI in the aerospace, hospitality, energy and infrastructure sectors. Abhirup Dasgupta and Ishaan Duggal specialise in insolvency and bankruptcy matters and banking litigation, while Pranav Rattan regularly advises lenders on the sanction of loans.

Practice head(s):

Sumit P.


Other key lawyers:

Abhirup Dasgupta; Ishaan Duggal; Pranav Rattan


Key clients

Rural Electrification Corporation


Power Finance Corporation


PTC India Financial Services Limited


Piramal Capital and Housing Finance


Indusind Bank


Axis Bank


Bank of Baroda


Yes Bank


State Bank of India


Hindustan Power projects


Work highlights


  • Advised REC & PFC on the drafting of amended and restated financing and security documents.
  • Advised Indusind Bank on a transaction with Jindal United Steel.
  • Assisted Power Finance Corporation with a loan transaction.

S&R Associates

S&R Associates is known for the breadth of its capabilities in the hospitality, manufacturing, infrastructure, energy and real estate sectors, advising a diverse set of Indian and international clients on significant banking and finance transactions. Divyanshu Pandey heads up the practice and is well renowned for his expertise in acquisition finance, project finance, insolvency resolution and debt capital markets work. Arpita Garg and Kinnari Sanghvi are other key members of the team.

Practice head(s):

Divyanshu Pandey


Other key lawyers:

Arpita Garg; Kinnari Sanghvi


Testimonials

‘The firm offers exceptional legal services. Knowledgeable and very responsive.’

‘Divyanshu Pandey stands out.’

Key clients

AC Renewables International Pte Limited


Amarco Investment LLC


Ashiana Housing Limited


Dilip Buildcon Limited


Husk Power Systems Private Limited


IBM India Pvt Limited


ITS UPC Solar India Private Limited


JSW Steel Limited


Masaya Solar Energy Private Limited


National Bank of Greece


Nationalwest Minster Bank Plc


Work highlights


  • Assisted Bharat Hotels Limited and The Lalit hotels with its ₹11bn issuance of secured unlisted non-convertible debentures to Kotak Real Estate Fund – X.
  • Represented JSW Energy Limited, with an ₹9bn bridge loan facility provided by the State Bank of India in relation to the acquisition of Ind-Barath Energy (Utkal) Limited.
  • Assisted Axis Bank Limited with the ₹5bn issuance of unsecured non-convertible debentures listed on the BSE by Aditya Birla Fashion and Retail Limited, a listed company.

Saraf and Partners

Saraf and Partners’ banking and finance team has an impressive track record of handling complex and high-value financing transactions and debt restructurings, both domestic and international. Mohit Saraf and Bikash Jhawar co-head the team and regularly advise clients on syndicated loans and project financing transactions. Rohit Raghavan and Abir Lal Dey are well renowned for their expertise in trade finance and real estate financing matters. Other key members include Satadru Goswami and banking law expert Priyamvada Haridas.

Practice head(s):

Mohit Saraf; Bikash Jhawar


Other key lawyers:

Rohit Raghavan; Abir Lal Dey; Satadru Goswami; Priyamvada Haridas


Key clients

JSW Group including JSW Infrastructure and JSW Steel


LIC Housing Finance Limited


State Bank of India


SBI Capital Markets Limited


Adani Group including Adani Power, Adani Enterprises, Adani Electricity, Adani Airport, Adani Ports and SEZ, Adani Green, Adani Transmission.


Shapoorji and Pallonji Group


Maharashtra State Road Development Corporation Limited


Indus Towers Limited (Formerly Bharti Infratel Limited)


Mizuho Bank, Ltd., MUFG Bank, Ltd., GIFT Branch


Sumitomo Mitsui Banking Corporation Singapore Branch


Home Credit India Finance Private Limited


Union Bank of India


Credit Saison Group


Blackstone Group


Indiabulls Group


Vedanta Group


GMR Group


ICICI Bank Limited


Axis Bank Limited


IndusInd Bank


Kotak Mahindra Bank Limited


Kotak Infrastructure Debt Fund


Aseem Infrastructure Limited


Aditya Birla Finance Limited


Aditya Birla Renewables


Radiance Renewables


AMP Solar


ReNew Group


National Asset Reconstruction Company Limited


Grant Thornton


Deloitte


Bank of India


Bank of Baroda


BOB Capital Markets Limited


IDBI Bank Limited


IDBI Capital Market Services Limited


IndInfravit Trust


Avaada Group


US-EXIM Bank


Mitsubishi UFJ Financial Group


Xander Group


Work highlights


  • Advised LIC Housing Finance Limited (Issuer) and Catalyst Trusteeship Limited (Debenture Trustee) on the shelf issuance of fully paid, senior, rated, listed, secured, redeemable, non-convertible debentures.
  • Advised Kutch Copper Limited on its tying down of construction finance lines of $743m from a consortium of banks led by the State Bank of India for the syndicated club loan.
  • Assisted State Bank of India, security trustee and the Adani team with managing the transaction and conducting due diligence on the project and the company.

Singhania & Partners LLP

Singhania & Partners LLP provides advice on lending transactions to public and private entities from the energy, infrastructure and banking sectors. Abhimeet Sinha heads up the practice and assists borrowers and lenders on all aspects of project finance transactions, including due diligence and drafting, negotiating and vetting loan and security documents. Prerna Beri is also recommended.

Practice head(s):

Abhimeet Sinha


Other key lawyers:

Prerna Beri


Key clients

National Highway Authority of India


Indian Renewable Energy Development Agency Ltd.


Italmatch Chemicals India Private Limited


Power Finance Corporation Limited


Satluj Jal Vidyut Nigam Thermal (P) Ltd.


RBL Bank


Work highlights


  • Assisted National Highways Authority of India with the Legal Vetting of DME-SBI (Second Year) loan transaction.
  • Advised Italmatch Chemicals India Private Limited on the preparation of documentation for seeking the Reserve Bank of India’s approval for an inter-company loan amounting to €1m.

SNG & PARTNERS

SNG & PARTNERS’ banking and finance team is experienced in handling domestic and cross-border financing transactions for a plethora of clients, including domestic and international banks and NBFCs. Rajesh Narain Gupta regularly advises clients on transactional and contentious matters and jointly leads the team with Amit Aggarwal, who specialises in the full range of debt transactions. Anju Gandhi is the go-to person for commercial borrowing and institutional loans, while Aditya Vikram Dua specialises in real estate and acquisition financings.

Practice head(s):

Rajesh Narain Gupta; Amit Aggarwal


Other key lawyers:

Anju Gandhi; Aditya Vikram Dua


Testimonials

‘SNG & Partners have provided detailed legal documentation necessary for various aspects. The team has highlighted critical aspects which ensure appropriate protection and help in avoiding pitfalls/gaps which might weaken our case in future.’

‘Our touchpoint at SNG & Partners is Anju Gandhi. She has in-depth knowledge and expertise about legal requirements for banking and financial services related requirements. The most important quality we appreciate about Anju is that she will highlight areas in any legal agreement which could have an adverse impact and specify that it is a business decision on whether to accept changes proposed by the other counterparty or refuse.’

Key clients

ICICI Bank Limited


Standard Chartered Bank


IDBI Trusteeship Services Limited


Alfa Bank situated at Kyiv, Ukraine


ICICI Home Finance Company Limited


CSB Bank Limited


Adhikaansh Realtors Private Limited


HDFC Capital Advisors Limited


Piramal Enterprises Limited


National E-Governance Services Ltd


Accretive Cleantech Finance Private Limited


Shapoorji Pallonji Finance Private Limited


Emirates NBD Bank (P.J.S.C)


IndusInd Bank Limited


Unity Small Finance Bank Limited


The Hongkong and Shanghai Banking Corporation Limited


Piramal Capital & Housing Finance Limited


IIFL Finance Limited


Work highlights


  • Advised ICICI Bank and Axis Trustee Services on the issuance of non-convertible debentures by DLF Cyber City Developers.
  • Assisted Standard Chartered Bank and Axis Trustee Services Limited with the issuance of secured, rated, listed, redeemable non-convertible debentures by DLF Cyber City Developers Limited.
  • Advised Alfa Bank on a loan extension to a Ukraine-based borrower with an Indian Guarantor/Mortgagor, securing the loan through Mortgage and Guarantee Agreements in compliance with Indian laws.

Wadia Ghandy & Co

Wadia Ghandy & Co works with domestic and international clients on both ends of the lender-borrower spectrum, with specific expertise in project finance and securitisation mandates. Practice head Shabnum Kajiji is a specialist in structured finance work and handles a large variety of debt transactions, while Nihas Basheer’s practice focuses on securitisation and bilateral transactions for banks, NBFCs and micro-finance companies. Other key members of the team include Gopal Bankar and Piyush Kumar.

Practice head(s):

Shabnum Kajiji


Other key lawyers:

Nihas Basheer; Gopal Bankar; Piyush Kumar


Key clients

HDFC Bank


Kotak Mahindra Bank


Shriram Finance Limited


Piramal Finance Limited


IIFL Finance Limited


Hero FinCorp Limited


JM Financial Products Limited


ResponsAbility Access To Clean Power Fund S.A., SICAV-SIF


Ambit Finvest Private Limited


GMR Enterprises Private Limited


Amicus

Under the leadership of Shivi Rastogi, the structured debt team at Amicus handles a significant amount of financing transactions for private entities and investment funds, with strong expertise in debt investment transactions. Abhilasha Bhatia is known for her expertise in acquisition finance, project finance, and securitisation transactions.

Practice head(s):

Shivi Rastogi


Other key lawyers:

Abhilasha Bhatia


Key clients

DMI Finance Pvt Ltd


DMI Alternative Investment Funds


Kautilya Real Estate Fund


DMI Limited


JK Cements


Avini Advisors Pvt Ltd


Avendus Finance Pvt Ltd


Work highlights


  • Advised SWAMIH Investment Fund – I, a government backed last-mile financing platform, on its investment in Omaxe New Chandigarh Developers Private Limited, an Omaxe Group company.

Argus Partners

Argus Partners‘ broad practice encompasses structured finance, promoter funding and securitisation mandates. The group advises a range of domestic and international banks, asset reconstruction companies and other banking financial institutions. Managing partner Krishnava Dutt leads the banking and finance team from Mumbai, while Prakash Panjabi is an experienced figure in debt issuances and debt restructurings. Aastha represents a range of lenders and borrowers in syndicated lending and project finance transactions, while Nidhi Arya regularly assists with transactional matters, including construction financings and external commercial borrowing, with a particular focus on the real estate sector.

Practice head(s):

Krishnava Dutt; Prakash Panjabi; Aastha; Nidhi Arya; Rachika Agrawal Sahay


Testimonials

‘Experienced, commercial and solution focused.’

‘Aastha, Krishnava Dutt and team are solution oriented and extremely responsive, have had only good experiences working with the team. They’re supportive and pragmatic during negotiations with counterparties and do not unnecessarily prolong discussions on drafts and provide quick turnarounds.’

Key clients

HDFC Limited


Ares SSG Capital


Aditya Birla Finance Limited


India Resurgence Fund


IARC


Altico Capital


SWAMIH Fund


Standard Chartered Bank


Assets Care and Reconstruction Enterprise Limited


H-CARE 3


Nisus Finance


BPEA Credit


ICICI Bank Limited


State Bank of India


Piramal Capital


IDBI Bank Limited


Bank of Baroda


Union Bank of India


Central Bank of India


Work highlights


  • Advised HDFC Limited on its proposed merger with HDFC Bank valued at approximately $60bn.
  • Advised Assets Care and Reconstruction Enterprise on securing stressed loan portfolios worth $144.5m from HDFC Limited.
  • Advised Polygenta Technologies Limited on the Indian law aspects of the external commercial borrowing amounting to approximately $32.5m raised from DEG – German Investment and Development Company mbH and Danish development financier IFU.

King, Stubb & Kasiva

King, Stubb & Kasiva’s banking and finance practice primarily focuses on advising lenders on a wide range of lending and structured finance transactions. Practice head Siddartha Karnani has extensive experience in handling a broad range of domestic and cross-border real estate acquisition and financing work. Another key point of contact is senior associate Darshit Shah, who regularly advises private and public banks and NBFCs on the full plethora of secured and unsecured financing transactions.

Practice head(s):

Siddartha Karnani


Other key lawyers:

Darshit Shah


Krishnamurthy and Co

Krishnamurthy and Co draws banking and finance expertise from across the firm, with demonstrable experience in project finance work, asset financings and structured finance transactions. Rukmini Roychowdhury heads up the team and advises banks and other financial institutions on lending transactions and receivable financings, while Zeeshan Khan assists both lenders and borrowers with all kinds of transactional matters.

Practice head(s):

Rukmini Roychowdhury


Other key lawyers:

Zeeshan Khan


Key clients

SBIFM Special Situations Fund-1


Arize Renewables Private Limited


HDFC Bank Limited


SWAMIH Fund – I


Work highlights


  • Advised Tata Cleantech Capital Limited on its granting of a rupee term loan facility to Enerparc Solar Power 2 Private Limited and Enerparc Solar Power 3 Private Limited.
  • Advised Ceres Hotels Private Limited to avail a term loan facility and working capital/overdraft facility from Yes Bank Limited.
  • Advised SWAMIH Fund – I on its investment by way of unlisted, secured, non-convertible debentures in Vimal Plast India Private Limited.

Lex Favios

Acting for domestic banks and lenders, the banking and finance team at Lex Favios is noted for its focus on project financing, debt financing, and structured asset finance work. Manan Oberoi heads up the practice and has notable experience in handling domestic and cross-border syndicated lending mandates. Pooja Singh routinely advises on recovery, regulatory compliance and securitisation matters.

Practice head(s):

Manan Oberoi


Other key lawyers:

Pooja Singh


Key clients

State Bank Of India Overseas Branch, Delhi


State Bank Of India, Commercial Branch, Karol Bagh, Delhi


Axis Bank Limited


Bank of Baroda, Bhilwara


State Bank Of India, Industrial Finance Branch, Delhi


State Bank Of India, SME Branch, Meerut


State Bank Of India, Industrial Finance Branch, Ludhiana


Work highlights


  • Assisted the State Bank of India with the loan documentation of Solar Energy Corporation of India.
  • Assisted the State Bank of India, with the loan documentation of BRG Iron & Steel Co. Private Limited.
  • Assisted the State Bank of India with the loan documentation of TRS Sawhney Motors Private Limited.

Majmudar & Partners

Majmudar & Partners has a strong track record in advising Indian banks and foreign NBFCs on the full range of banking and finance matters, including syndicated finance, trade finance, external commercial borrowing and project finance mandates. Akil Hirani has extensive experience in advising banks and other institutions on refinancing transactions. Fraser Alexander is another key contact who specialises in banking matters and regularly assists Indian banks with banking litigation.

Practice head(s):

Akil Hirani


Other key lawyers:

Fraser Alexander


Testimonials

‘The team has transactional expirence and is in a position to give prompt feedback on complicated legal matters.’

‘They give clear advice, prompt feedback and communicate in a clean manner.’

Key clients

CPP Assistance Services Private Limited


Axis Bank Limited


Dhanlaxmi Bank Limited


Punjab National Bank


Work highlights


  • Advised CPP Assistance Services Private Limited on CPP’s payment of a referral fee to its banking partners in the course of its business.
  • Represented Dhanlaxmi Bank Limited in a banking claim made against the defaulting borrower and its guarantors.
  • Acted for Punjab National Bank in numerous disputes and SARFAESI proceedings.