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Editorial

Index of tables

  1. Banking and finance
  2. Leading individuals
  3. Next generation lawyers

Leading individuals

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Next generation lawyers

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The team at AZB & Partners has notable strength across the full spectrum of financial matters, representing borrowers and lenders in project finance, external commercial borrowings, strategic acquisitions in the Indian private banking sector, corporate transactions and insolvency matters. Highlights include advising Overseas Private Investment Corporation on an INR2.3bn loan extended to ReNew Wind Energy for constructing a solar power plant in Karnataka. Bahram Vakil, who has extensive expertise in infrastructure matters, heads the team along with Ashwin Ramanathan and Gautam Saha. Founding partner Zia Mody is a well-regarded practitioner.

At Cyril Amarchand Mangaldas, key areas of expertise include projects and infrastructure-related finance transactions and restructuring mandates. L Viswanathan is well known for advising corporates and financial institutions on the regulatory issues of infrastructure projects. Pranav Sharma is also recommended.

J Sagar Associates has seen an increase in restructuring and insolvency matters, and the practice is also noted for its expertise in infrastructure and cross-border real estate financing transactions. Recent work included advising the London branch of State Bank of India on a $200m loan to Rural Electrification Corporation. Aashit Shah leads the team, and Dina Wadia is well known for advising on debt transactions and investment fund matters.

Khaitan & Co LLP's practice has been notably active in acquisition finance, external commercial borrowing, and restructuring and insolvency matters, and is adept in aviation finance; recent work includes assisting Air India with a $123m loan to purchase five Boeing 787 aircraft. Shishir Mehta, debt financing expert Kumar Saurabh Singh and Devidas Banerji are names to note.

L&L Partners Law Offices has been notably active in the project financing space, advising borrowers and lenders on the financing aspects of renewable power projects. Other areas of expertise include restructuring, regulatory issues, asset management, banking disputes, and trade and export finance. Bikash Jhawar and Karan Mitroo are key names, and Rajiv Luthra is highly regarded.

Shardul Amarchand Mangaldas & Co 'provides the highest quality service in the banking and finance space with expertise in handling high stake and complex transactions'. The 'excellent' team has been active in bankruptcy and restructuring matters, and the group has solid expertise in acquisition finance, real estate investment, and banking litigation. Practice head Sapan Gupta is 'an expert negotiator and has a thorough understanding of the client’s requirements', while Soummo Biswas attracts praise for his 'great understanding of sector nuances and expertise in handling complex transactions'. Executive chairman Shardul Shroff is highly regarded.

Talwar Thakore & Associates regularly acts for domestic and international banks in structured finance and acquisition matters. Sonali Mahapatra is the key practitioner, and recently advised a syndicate of banks, with First Abu Dhabi Bank acting as the agent, on a two-tranche loan to NatSteel Asia, an offshore subsidiary of Tata Steel, as part of the refinancing of the multinational's debt.

Trilegal primarily advises banks and financial institutions on project financing, regulatory issues, distressed assets and restructuring, and acquisition finance. Clients include ICICI Bank, Xander Finance, L&T Finance, and Goldman Sachs. Ameya Khandge is a key contact, and Karan Singh is a well regarded practitioner. Vinit Patwari joined from ARA LAW in November 2017.

ALMT Legal's practice assists lender and borrower clients with external commercial borrowings, loan restructuring and refinancing matters, among other areas. Ryna Karani heads the practice, and S R Arun is a key name. Aliff Fazelbhoy is a well-regarded figure.

Dhir & Dhir Associates has been active in the real estate and infrastructure financing space; for example, the team is assisting the Indian Railway Finance Corporation with an external commercial borrowing of $250m from a consortium of Japanese banks. In another matter, the group advised DMI Finance Private on an INR500m loan facility to construction company KW Group for the development of two commercial projects. Girish Rawat is the name to note.

Economic Laws Practice has solid expertise acting for small finance banks, multinational lenders and corporate borrowers across a wide range of financing issues. Babu Sivaprakasam heads the practice and recently advised Global Vectra Helicorp on two aircraft lease transactions from Vertical Aviation No 1 and No 2, which are based in Ireland. Deep Roy is the other name to note.

HSA Advocates is known for its strength in the energy and infrastructure space; recent highlights include advising the State Bank of India and the Import-Export Bank of India on the financing of railway development projects by Konkan Railway Corporation, and assisting the government of Goa with a loan from Axis Bank for the construction of an airport at Mopa in Goa. Practice head Anjan Dasgupta left for DSK Legal in May 2019. Harsh Arora is noted for his infrastructure expertise.

At IndusLaw, areas of expertise include project finance, syndicated loan documentation, cross-border finance matters, and secured and unsecured debt transactions. Recent highlights include advising Solairedirect, a subsidiary of ENGIE, on a refinancing by L&T Finance of five SPV solar power projects based in Punjab and Rajasthan. Canadian Solar is another key client. Navin Syiem is a name to note.

Kochhar & Co. advises on the full spectrum of lending and structured finance matters, and assists a client base of foreign investors, domestic and international banks, non-banking finance companies (NBFCs) and hedge funds with issues across a range of sectors. Rupali Sharma, based in Mumbai, and senior associate Anuj Kaila in Bangalore are the names to note.

The 'approachable' team at Link Legal - India Law Services recently assisted healthcare company HLL Biotech with an INR309 crore loan for constructing an Integrated Vaccine Facility to manufacture vaccines for the government of India's universal immunisation programme. Anurag Dwivedi is noted for his expertise in mandates involving infrastructure projects, and restructuring expert Siddharth Srivastava 'provides apt solutions to complex issues'. Vishaka Bhagvat, based in Mumbai, is another key name.

At Majmudar & Partners, the team is well known for handling transactional, regulatory, and contentious banking work for borrower and lender clients. Recent highlights include representing US-based Cempra Pharmaceuticals in the reorganisation and refinancing of its Indian supplier Neuland. Managing partner Akil Hirani and senior partner A.K. Hirani are the names to note.

Project finance instructions are a cornerstone area of expertise at Phoenix Legal. The team's client base includes investors, project sponsors, banks and financial institutions, and the group handles matters from the oil and gas, power, renewable energy, and real estate sectors, to name a few. Sawant Singh and Abhishek Saxena jointly head the practice, and Aditya Bhargava is also recommended.

Vaish Associates has notable strength across the full spectrum of financial matters, and advises a mix of domestic and international clients. Sandhya Iyer and Satwinder Singh are the names to note.

Key clients at Advaita Legal include Asiya Capital Investments and Bibby Group, a UK-based financial services company. Atul Dua heads the practice.

Bharucha & Partners' practice handles syndicated lending, debt restructuring, project financing and regulatory issues, among other areas. The client roster includes the Federal Bank, HSBC France and InVenture Capital Corporation. Alka Bharucha and Justin Bharucha are the key names to note.

DSK Legal has solid capabilities in real estate sector financing; recent work includes advising Piramal Finance on an INR6bn loan, part of which was in the form of nonconvertible debentures, to Transcon Developers. Ajay Shaw and Sajit Suvarna are the names to note, and principal associate Zeeshan Khan is also recommended. Anjan Dasgupta joined from HSA Advocates in May 2019.

At Dua Associates, the team handles project financing, external commercial borrowings, restructuring, syndicated loans and regulatory matters for developers, contractors, banks, financial institutions and investment funds, to name a few. B R Srinivas is a key figure.

Rustam Gagrat is the name to note at Gagrats, which is known for its strength in corporate and aviation finance. The client base includes domestic and international banks, aviation companies and multilateral lenders.

At Juris Corp, the team recently assisted a lender client with a $75m ECB loan to biopharmaceutical company Biocon, and also assisted Standard Chartered Bank with a $20m fund-based and non-fund based loan to Indian auto component manufacturer The Hi-Tech Gears Limited to invest in its off-shore subsidiary in Canada. H Jayesh, Nand Anand and Pratish Kumar are the names to note.

Recent instructions for S&R Associates' team include insolvency, debt restructuring and microfinance matters. Uday Walia is the key practitioner.

Past work for SB Partners includes acquisition financing, asset-based loan transactions, project financing, and portfolio buyouts. Samir Bedi heads the practice.

Tatva Legal recently assisted a housing finance provider with a $23m loan to a technology sector company, and advised a multinational bank on lease rental discounting loans with an aggregate value of $131m to a real estate company. Managing partner N K Dilip, Manav Nagaraj and Hyderabad-based Shailendra Komatreddy are the names to note.

At ARA LAW, construction finance is the team's cornerstone area of expertise. Highlights include advising a subsidiary of the Federal Bank on a $1.5m loan to Midcity Heights for a construction project in Mumbai. Rajesh Begur is the key practitioner, and associate Apoorva Ravi is also recommended. Vinit Patwari moved to Trilegal in November 2017.

BRUS CHAMBERS, Advocates & Solicitors' key areas of expertise include shipping finance and real estate project finance. Shrikant Hathi and Uttam Hathi are the names to note.

Dhaval Vussonji & Associates has been active in the real estate space, assisting lender and borrower clients with the refinancing aspects of real estate development projects. Prachi Dave is the name to note.

Hariani & Co Advocates and Solicitors recently assisted a housing finance company with an INR350m loan to developers for acquiring and redeveloping properties in Mumbai, and is also acting for a number of clients in the real estate space regarding loan structuring compliance matters. Managing partner Ameet Hariani is the key practitioner.

Jafa & Javali's client base includes domestic and foreign banks and corporations, which the team advises on project finance matters, business association agreements and corporate loans. Vikrant Singh Jafa and Kirit Javali are the key figures.

Preeti Mehta heads the department at Kanga & Company Advocates and Solicitors, which is noted for its strength in real estate project financing matters.

Krishnamurthy and Co has solid capabilities in representing lender and borrower clients in multi-jurisdictional infrastructure financing matters. Pradeep Ratnam is the name to note.

Areas of expertise for the team at MDP & Partners include infrastructure project financing and syndicated loans. Managing partners Nishit Dhruva and Ashok Paranjpe are the key individuals.

Mulla & Mulla & Craigie Blunt & Caroe has significant expertise in assisting overseas lenders with financing and regulatory matters related to ship financing mandates. Shardul Thacker heads the practice.

At Samvad Partners, the 'professional' team is assisting a large Indian private sector bank with a loan to Kalinga International Coal Terminal Paradip Private for the development of a deep draft coal handling berth. Vineetha MG is 'accessible'; she co-heads the practice with Harish B Narasappa.

SJ Law, Advocates and Solicitors is noted for its expertise in project financing matters. Managing partner Samir Jagad is the key figure.

Securitisation matters are a core strength for Wadia Ghandy & Co's team. Kingshuk Banerjee is a key name.

GC Powerlist -
India

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