Sagus Legal > New Delhi, India > Firm Profile
Sagus Legal Offices
S-35B, First Floor
Panchsheel Park, New Delhi
Delhi 110017
India
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Sagus Legal > The Legal 500 Rankings
City focus: National Capital Region: NCR > Banking and finance Tier 1
Sagus Legal‘s team is led by Delhi-based Shruti Kanodia who represents banks and borrowers in direct financing, consortium finance, and in multi-banking arrangements. Kanodia's expertise also extends to areas such as debt recovery and debt restructuring; she is well supported by Nilesh Panda who is building expertise in term loan financing, security structuring, and compliance management in respect of banking and finance transactions.Practice head(s):
Shruti Kanodia
Other key lawyers:
Work highlights
- Advising Petronet LNG Limited on its existing and new trust and retention accounts agreements pursuant to changes in the Indian regulatory framework.
- Assisting a leading public listed steel company for its financing requirements from Union Bank of India.
- Advised Jindal Coke Limited in availing a secured term loan facility from Canara Bank for the refinancing/ take-over of the loans of all the banks and financial institutions forming part of the existing term loan consortium of the client.
City focus: National Capital Region: NCR > Commercial, corporate and M&A Tier 1
With demonstrable experience across the manufacturing, pharmaceutical, energy, infrastructure, power and automotive sectors, Sagus Legal handles a range of matters concerning private equity and venture capital investments, as well as foreign exchange and securities law-related advisory mandates. Founding and managing partner Shruti Kanodia leads the team and advises on M&A, private equity and banking and finance matters. The team welcomed Neha Sinha from Luthra and Luthra Law Offices India in February 2023.Practice head(s):
Shruti Kanodia
Other key lawyers:
Key clients
Jindal United Steel Limited
AGT Infrastructure Private Limited
Sunetra Eye Centre Private Limited
Lenskart Solutions Private Limited
Spark Minda Green Mobility Systems Private Limited
Jindal Stainless Limited
Jindal Stainless (Hisar) Limited
Jubilant Pharmova Limited
The Tata Power Company Limited
Jubilant Motorworks Private Limited
Cleartax (Defmacro Software Private Limited)
Minda Corporation Limited
TP Central Odisha Distribution Limited
Jubilant Ingrevia Limited
Jubilant Consumer Private Limited
Jindal Stainless Steelway Limited
Andritz Hydro Private Limited
Work highlights
- Advising on the merger of Jindal Stainless (Hisar) Limited and four other group companies into Jindal Stainless Limited worth USD 2.8 billion.
- Assisted Lenskart in acquiring a stake in a technology Company (Quantduo Technologies Private Limited) by way of private placement of convertible preference shares in a pre-series A investment valued INR 160 million.
- Advised Jubilant Motorworks Pvt. Ltd. in acquiring the entire business undertaking dealing with auto shops, repairs shops, Cars Collective dealerships, etc in Maharashtra and Goa, from its wholly owned subsidiary, Jubilant Sports Cars Private Limited.
India > Projects and energy Tier 3
The team at Sagus Legal frequently advises governmental organisations, EPC contractors, and financial institutions on all aspects of project finance and development, and is well known for its extensive regulatory knowledge. New Delhi-based practice head Anand Srivastava brings over a decade of experience in the infrastructure and energy sector to the department, and has noted strength in contentious work. Shivam Sinha, who made partner in May 2023, specialises in handling mandates from the oil and gas sector.Practice head(s):
Anand Shrivastava
Other key lawyers:
Testimonials
‘The team has excellent understanding of the infrastructure and energy sectors.’
‘The quality of drafting is exceptional, which demonstrates their deep understanding of the complexities of the infrastructure sector.’
‘The team is made up of skilled and knowledgeable individuals who are always willing to rise to the challenges faced in the industry and strive to find lasting solutions to the cases.’
‘Excellent team with diverse backgrounds and expertise. Partners are readily accessible.’
‘Knowledge, experience and turnaround speed are excellent.’
Key clients
TP Central Odisha Distribution Limited (“TDCODL”)
TP Northern Odisha Distribution Limited (“TDNODL”)
West Bengal Power Development Corporation Limited
Coastal Gujarat Power Limited
The Tata Power Company Limited
Tata Power Delhi Distribution Company Limited
West Bengal State Electricity Distribution Company Limited
Bihar State Power Holding Company Limited
West Bengal Power Development Corporation Limited
Maithon Power Limited
Tata Power Renewable Energy Limited
TP Southern Odisha Distribution Limited (“TPSODL”)
Work highlights
- Represented The Tata Power Company Limited – Distribution before the Supreme Court of India in a matter concerning interpretation of statutory provisions for the qualification of a power plant as a captive generating plant.
- Acted for TP Central Odisha Distribution Limited before the Appellate Tribunal for Electricity in relation to a matter where Indian Railways is seeking ‘deemed distribution licensee’ status under the Electricity Act, 2003.
- Representing Tata Power Renewable Energy Limited in an ongoing matter involving a claim that the increase in the Basic Customs Duty, as well as the extension of the safeguard duty after the execution of the Power Purchase Agreement, qualifies as a ‘change in law’ under the client’s contracts.
India > Corporate and M&A
Lawyer Profiles
| Photo | Name | Position | Profile |
|---|---|---|---|
|
Shruti Kanodia | Partner | View Profile |
|
Anand Shrivastava | Partner | View Profile |