HSA Advocates > New Delhi, India > Firm Profile

HSA Advocates
81/1, Adchini,
Sri Aurobindo Marg

India > Projects and energy Tier 1

The dedicated projects, energy and infrastructure practice at HSA Advocates houses an extensive bench of experts capable of handling all aspects of large-scale developments projects across all sub-sectors, from roads and ports to alternative power and oil and gas. The team is recently instructed by public sector clients on a spate of industrial corridor projects focusing on economic and technological development across India; Hemant Sahai and Soumya Kanti De Mallik spearhead the projects.

Key clients

NITI Aayog

Renascent Power Venture Pvt Ltd

National Industrial Corridor Development & Implementation Trust and National Industrial Corridor Development Corp Ltd

Ministry of Defence, Govt of India

Ministry of Economy and Finance, Kingdom of Cambodia and Royal Government of Cambodia

Adani Properties Pvt Ltd

World Bank

Vizhinjam International Seaport Ltd

ReNew Power

International Finance Corporation

Azure Power

Oakbridge Roofs

Mytrah Energy

Adani Group

TATA Group

Work highlights

  • Assisted Renascent Power Ventures with end-to-end ideation and implementation support, including obtaining requisite approvals for regulatory closure to the acquisition for acquisition of Prayagraj Power Generation.
  • Advsied the National Industrial Corridor Development & Implementation Trust and National Industrial Corridor Development Corp on multiple SPVs, incorporated for development of the corridors and integrated manufacturing clusters, NMIZ, Industrial townships at various places along these corridors.
  • Acted as the legal advisor to NITI Aayog in regards to the National Mission on transformative mobility and battery storage, aimed at finalising and implementing strategies for transformative mobility and Phased Manufacturing Programmes for electric vehicles, their components, and batteries.

India > Dispute resolution: arbitration Tier 2

HSA Advocates‘ ‘pragmatic and solution-focussed' New Delhi-based dispute resolution team is well-versed in domestic and international arbitration arising from projects, infrastructure, utilities, and energy sectors. It also further expanded its specialisms to include maritime disputes with the arrival of Manan Shukla from Agarwal Law Associates while the addition of Monali Dutta from Advaita Legal bolsters the team’s projects and infrastructure expertise. Founding partner Hemant Sahai combines projects and infrastructure arbitration specialism with energy, regulatory and governance disputes experience, while Amrita Narayan focuses on the energy sector.

Practice head(s):

Hemant Sahai

Other key lawyers:

Amrita Narayan; Faranaaz Karbhari; Pragya Ohri; Madhumita Kothari; Manan Shukla


Always pragmatic and solution-focussed; engaging, proactive and very responsive almost all hours of day and night. Never felt the time difference with Europe as disadvantage working with HSA team. Their perspectives on Indian market and expertise not just in Indian law but other jurisdictions has been invaluable to us.

Pragya Ohri, Partner, and Mr Hemant Sahai, managing partner are standout professionals I would always turn if I need advice in India. Excellent communication skills both written and oral, they are able to be nimble and customise any communications depending who in the business needs it and be on standby for any executive queries or to brainstorm strategies for going forward on any disputes.

Key clients

Mytrah Energy (India) Pvt Ltd

Centre for Digestive & Kidney Diseases (India) Pvt Ltd

Finolex Cables Pvt Ltd

Work highlights

  • Representing a subsidiary of India’s biggest crude oil and natural gas producer in a $770m commercial arbitration seated in London, conducted under the UNCITRAL Arbitration Rules, and administered by Permanent Court of Arbitration, the Hague.
  • Representing one of the biggest solar IPP in India in four separate arbitrations with claims of more than $714m involving interpretation of a complex set of agreements and factual evidence.
  • Representing a subsidiary of leading global event management company in two separate international commercial arbitrations involving interpretation of SPA and SH.

India > Dispute resolution: litigation Tier 2

HSA Advocates has a focus on high-profile litigation and criminal investigations, and has represented clients before the High Courts and Supreme Court. Manan Shukla (who joined the team from Agarwal Law Associates in July 2020) is a key name for commercial and maritime litigation. Abhirup Dasgupta is the contact for restructuring and insolvency disputes, whilst Amaresh Kumar Singh handles real estate disputes, with over two decades of experience in this area. Senior partner Apoorva Misra left the firm in late 2020 to set up his own practice.


‘HSA does a good job of explaining the challenges of the Indian court system in an understandable way. They have also provided commercially realistic alternatives for settlement, which is important when the court system is difficult to navigate.’

Hemant Sahai is very knowledgeable and pragmatic in coming up with solutions to issues. He understands the need for large foreign companies to report on ongoing disputes and tailors his recommendations accordingly.

Key clients

Renascent Power Venture Private Limited

Mytrah Energy Limited

Sembcorp Energy India Ltd

SPRNG Energy Pvt Ltd

Arinsun Clean Energy Pvt Ltd

Acme Jaipur Solar Power Pvt Ltd

Avaada Green Sustainable Energy Pvt Ltd

Bundl Technologies Pvt Ltd (Swiggy)

Uttar Pradesh Power Corporation Limited

Walwhan Renewables Energy Limited

Acme Solar Holdings Pvt Ltd

Acme Group

Tata Power

Ayana Renewable

SB Energy

K T Steel Company LLP

SBI Global

Mumbai Port Trust

Work highlights

  • Represented Renascent Power Ventures before the state regulator, the Appellate Tribunal of Electricity and the Supreme Court, seeking approvals for the client’s acquisition of Prayagraj Power Generation Company.
  • Successfully represented Uttar Pradesh Power Corp Ltd (UPPCL) before the Uttar Pradesh Regulatory Commission in a petition filed by Jaiprakash Power Ventures Limited, challenging the recovery initiated by the client of excessive reimbursement of taxes.
  • Successfully represented Sembcorp Energy India Ltd before the Supreme Court in a landmark decision which decided the issue of jurisdiction in the bifurcation of Andhra Pradesh and Telangana.

India > TMT Tier 2

Working across the firm’s offices in Delhi, Mumbai, Bangalore, and Kolkata, HSA Advocates assists a range of TMT clients with both transactional and advisory matters, including outsourcing, cybersecurity, data protection, processing and localisation issues. The team is also experienced in representing clients before ministries, regulators and various regional and national courts.

India > Banking and finance Tier 3

HSA Advocates‘s practice covers project, corporate and structured finance for a diverse client base; Hemant Sahai and Sharmil Bhushan are equally adept as advising institutional lenders, NBFCs and corporate borrowers. Particularly impressive is the team’s high-value work conducted in the renewable energy sector, including the project financing elements of major solar farms across India. The team lost Harsh Arora to Phoenix Legal in October 2021.

Other key lawyers:

Key clients


Mytrah Vayu (Sabarmati) Pvt Ltd

Bank of Maharashtra

L&T Infrastructure Finance Co Ltd

Kotak Mahindra Bank Ltd

Mytrah Energy (India) Pvt Ltd

State Bank of India

Power Finance Corporation Ltd

Bank of Baroda

IndusInd Bank


PTC India Financial Services Ltd

Tepsol Photovoltaic Power Ventures Pvt Ltd

Standard Chartered Bank

Axis Bank

NIIF Infrastructure Finance Ltd

HDFC Bank Ltd

Renew Solar Power Pvt Ltd

Work highlights

  • Advised Power Finance Corp (PFC) & REC Ltd on the refinancing of the $1.3bn debt of the other lenders by REC and PFC and on account of change in shareholding of Teesta Urja.
  • Advised and acted as borrower’s counsel in review financing and security documents, project documents and issuance of closing opinion for a cumulative loan of $410m from Development Finance Corp, USA.
  • Acted as lender’s counsel in drafting of financing and security documents, negotiating with Adani Enterprises/other security providers on the proposed financing and security documents related to the transaction.

India > Corporate and M&A Tier 3

HSA Advocates is highly active in the infrastructure, projects and energy sectors, being retained by prestigious domestic and international clients. Additionally, the team attracts new clients from diverse sectors, including retail, real estate and professional services. The practice is skilled at advising Indian and multinational corporations on a wide array of corporate transactions, including inbound and outbound M&A, structuring of investments, joint ventures, and long-term government supply contracts, as handled by Hemant Sahai, Soumya Kanti De Mallik and Sunando Mukherjee.


‘Hemant Sahai is well acknowledged in his domain, passionate about his work, and has worked on several key engagements which have helped shape the sector.’

They have a depth of understanding for the relevant sectors – Reputation/connect with the stakeholders in the industry – Solution oriented approach.’


Key clients

Arctech Solar Holding Co Ltd

Acme Solar Holdings Pvt Ltd

Rotork Plc

iQIYI, Inc

National Industrial Corridor Development & Implementation Trust and National Industrial Corridor Development Corp Ltd

Cold Love Ice Cream

Acme Cleantech Solutions

Cacheco Pte. Ltd

Indagro Foods Pvt Ltd

Ipsaa Day Care & Promoters

Adani Properties Pvt Ltd


Work highlights

  • Provided complete legal support to a leading nuclear plant EPC company in relation to equity infusion into the LLP.
  • Assisted ACME Solar Holdings in selling two of the solar PV power projects each of 50 MW housed in 2 separate SPVs.
  • Advised National Industrial Corridor Development & Implementation Trust and National Industrial Corridor Development Corp Ltd  on multiple acquisitions of SPVs, incorporated for development of the corridors and integrated manufacturing clusters, NMIZ, Industrial townships at various places along these corridors.

India > Labour and employment Tier 3

HSA Advocates provides advisory services to domestic and global clients on a wide range of labour-related issues. Jivesh Chandrayan and Soumya Kanti De Mallik are the main players when conducting internal investigations, reviewing employment agreements and assisting multinational companies with entry into the Indian market. The team has also assisted with rationalising workforces following the Covid-19 pandemic, most notably for Innovaccer. Other sectors of coverage range from energy and infrastructure to technology and telecoms.

Key clients

Arctech Solar Holding

Terma A/S Denmark and Terma (India)

Innovaccer Inc.

INFOBIP – Infobip India Private Limited and BSMART India

The Confederation of Danish Industry (Dansk Industri) on behalf of Stibo Systems

ACME Solar Energy

Viswatma Solar Energy

Sigfox Singapore


Acme Solar Holding India

JVS (JOULON Group Company)

Acko Technology and Services

Linak A/S

Mytrah Energy (India)

ISS World

Work highlights

  • Undertaking a risk assessment for The Confederation of Danish Industry (Dansk Industri), on behalf of Stibo Systems, of all employment related standard agreements and policy drafts to ensure compliance with Indian employment law and industry best practices.
  • Assisted Innovacer Inc in the rationalising of the workforce while ensuring compliance with various applicable laws and various orders released by central and state governments as a response to Covid-19.
  • Conducting market entry due diligence for a NASDAQ-listed OTT headquartered in China including corporate, tax, employment and IP law issues to set up their business operations in India.

India > Tax Tier 3

At HSA Advocates, the firm has a notable focus on tax-related disputes and represents its clients during adjudications and proceedings before the High Courts. It has also developed a strong reputation in the energy sector – particularly the solar industry – thanks to Faranaaz Kharbari and Rahul Jain, who are well versed in power purchase agreement regulations and in contesting any associated entry tax levies. Other areas of work range from the direct and indirect tax implications of business reorganisations to advice on compliance frameworks.

Other key lawyers:

Key clients

Acme Yamuna Nagar Solar Power

Baillie Gifford Overseas

Assystum Engineering and Operation Service SAS

Dayakar Solar

Vishwakarma Solar Energy

Niranjan Solar Energy

Acme Cleantech Solutions

About the firm: Since the firm’s inception in 2003, HSA Advocates (HSA) has consistently been recognised as one of India’s foremost and trusted full-service legal advisers to corporates, financial institutions, PE and VC funds, governments and public sector enterprises. Drawing strength from the collective experience of its people, the exceptional diversity of its profiles and deep sector understanding, each lawyer invests in servicing clients with utmost sincerity, keeping the client’s interest paramount.

This is demonstrated by the high level of commitment and ability to find pragmatic solutions that are unique and rooted in deep insights of a client’s business. This allows the firm to not only help clients mitigate risks but also find solutions that create a pathway of success. The in-depth knowledge of policy/legal/regulatory and commercial risks and the subtle nuances that influence the underlying sectors/industries is a key differentiator that sets the firm apart.

Clients acknowledge and recognise HSA for the professionalism and commercial perspective brought to assignments. Its strong commercial acumen, management of transactions in an efficient and cost-effective manner, and address and resolution of demanding commercial and legal issues in a practical manner have always been recognised by clients as strong points of HSA.

Led by a growing collegium of partners who are legal experts of great repute, the firm has a well-established full-service capability to serve clients across multiple industries and sectors including automotive, aviation, banks and financial institutions, e-commerce, education, energy including renewable energy, environment, health and safety, hospitality and healthcare, infrastructure – urban and rural, insurance, manufacturing, media and entertainment, mining and exploration, oil and gas, pharmaceuticals, PPP projects, real estate, retail and FMCG, services sector, smart cities, transport, telecommunication, IT and software.

With offices in New Delhi, Mumbai, Kolkata and Bengaluru, HSA Advocates’ credentials are a testimony of its ability to attract the best and brightest talent and the firm’s belief in nurturing teams with the requisite skills, in particular cultivating sector-specific expertise.

Some of the marquee transactions handled by HSA in the recent past include:

  • ABB, Sweden on its + 800 kV, 6000 MW HVDC Multi Terminal System Package transmission project in India. It is the largest transmission project anywhere in the world.
  • Equis Funds Group, Singapore based renewal energy-focused fund, on its equity investment transactions in India in a portfolio of 292 MW Hydro Power Platform in Sikkim.
  • United Overseas Bank, Singapore for the foreign currency loan of USD 100 million to State Bank of India, Singapore Branch.
  • City and Industrial Development Corporation on the development and financing of the Greenfield, Navi Mumbai International Airport, currently the world’s largest Greenfield Airport project.
  • Deutsche Bank A.G, as lender’s legal counsel in relation to a lease rental discounting finance of USD 238 million availed by one of India’s leading real estate developer group in Mumbai.
  • Credit Agricole Corporate and Investment Bank, Hong Kong and Singapore on product development and services relating to their investment banking business in India.
  • Delhi- Mumbai Industrial Corridor in one of the largest infrastructure and urbanization project in the world, including the Chennai- Bangalore Industrial Corridor.
  • Altran (a conglomerate headquartered in Paris, France) on the acquisition of Aricent and its subsidiaries across the globe.
  • World Bank in relation to a foreign currency facility of USD 195 million given to an India government-owned entity.
  • Royal Group UAE, in relation to a primary investment in Coldrush Logistics Private Limited.
  • Central Electricity Board, Mauritius on a number of solar energy, wind energy and waste to energy projects.
  • Cofides, (a joint state- & privately-owned Spanish company) in relation to a project loan of USD 610 million taken by one of its Indian investee companies which are developing transmission lines in Uttar Pradesh, India.
  • Mumbai International Airport Ltd in relation to the matter, where the levy of Development Fee at the Airport has been challenged before the Airport Economic Regulatory Authority Appellate Tribunal by the Airlines on various grounds.
  • Ostro Energy (Actis GP, LLP) engaged as co-counsel for Project Olive i.e. Sale of OstroEnergy Platform to Renew Power Ventures in a deal valued at USD 1660 million, enhancing Renew Power’s portfolio to 5,600 MW.
  • ICICI Venture in relation to a multi-layered transaction, being carried pursuant to the Scheme on the basis which Qube Cinema will first demerge its business of providing technology solutions and services in the film, video and audio domains, including digital cinema advertising, into Qube Digital Cinema Pvt. Ltd.
  • Rockman Industries Ltd., one of the flagship entities of the Hero Group and one of leading manufacturers of automotive components, on the acquisition of a majority equity stake in Moldex Composites Private Limited, one of the leading carbon composite manufacturing companies in the world in the automotive component manufacturing sector, including for Formula 1 race cars.
  • Vizhinjam International Seaport Ltd. in relation to the Environmental and CRZ Clearance before the National Green Tribunal and the Hon’ble Supreme Court of India.
  • Yash Raj Films on all legal, contracting, transactions, film productions and all media-related matters.
  • Tata Steel Ltd. in pursuant to a share purchase agreement with JL Power Ventures Private Limited acquired 74% stake in Bhubaneshwar Power Private Limited, which owns a 135 MW thermal power plant at Anantapur village in Cuttack District of Odisha.
  • CMA Terminals (a French company), in relation to a foreign currency project loan proposed to be availed by its Indian joint venture company which is constructing and developing a new terminal at the deep-water berth container terminal at Mundra, Gujarat.
  • Inox Renewables Ltd., in international commercial arbitration on the issue of wind energy against the world’s no. 1 wind energy group.
  • Sumitomo Mitsui Banking Corporation, on Indian legal and regulatory requirements for establishing a branch in India and conducting the business of banking, including advising on legal and regulatory issues.
  • State Bank of India for the financing of potential new allottees of Coal Mines in India. This deal was given the Finance (Other Specialties) Deal of the Year award in the Emerging Markets Awards 2015 by The Asian Lawyer.
  • SEPCO Electric Power Construction Corporation in an International commercial arbitration against an Indian power developer involving a claim of over USD 600 million with respect to a power project in the state of Punjab in India.
  • Standard Chartered Bank (Hong Kong) in respect of foreign currency financing availed by IDFC Bank Limited from Standard Chartered Bank for the purpose of refinancing the existing debt of IDFC Limited.
  • Remy Martin Pvt. Ltd., Singapore on its joint venture with Sula Wines to establish a manufacturing facility for grape-based brandies in India, including advising on long term supply and technology assistance arrangements.
  • Renew Power (Renewable energy platform for Goldman Sachs, India) on the acquisition of several projects in Andhra Pradesh, Gujarat, Rajasthan & Uttar Pradesh aggregating 60 MW of solar and 238 MW of wind energy projects.
  • StatKraft India Pvt. Ltd. in relation to its joint venture with Bharat Light and Power for setting up a holding cum operating company for developing solar power plants in India.
  • The International Finance Corporation, in structuring PPP projects in India, Bangladesh & Philippines pertaining to transport infrastructure, healthcare, solar energy, and transmission line.
  • STEC, China, in relation to assisting on EPC contracts and joint venture agreements in relation to the development of Package 1 & 7 under Line III of the Mumbai Metro Project.
  • OMRO SEA Acquisitions Ltd. (Singapore) and OMRO Ltd. (Cayman Islands), part of KKR Group, on the acquisitions of JVS Engineers Group of Entities in India and Singapore.
  • Tata Power on several matters before the Hon’ble Supreme Court of India, High Court of Judicature at Bombay, APTEL, CERC, and DERC.
  • South East UP Power Transmission Company Ltd. (Isolux group), before the Supreme Court challenging the constitutional validity of the provisions of the Insolvency & Bankruptcy Code and also the constitutional validity of the RBI Circular which makes it mandatory for creditors to go to NCLT after 6 months in cases where the debt is more than USD 279 million.
  • Renascent Power Venture Private Limited, a Singapore based investment platform created by Tata’s and ICICI plus along with certain other international investors, in completing the acquisition of the Prayagraj thermal power project, under the umbrella of the insolvency and bankruptcy laws.
  • Gujarat Urja Vikas Nigam Limited, in one of the largest ever rehabilitations/re-structuring of infrastructure assets in India’s history, i.e. 3 thermal power generating plants of aggregate 10,000 MW of generating capacity representing an aggregate capital investment of over USD 10 Billion.
  • Ministry of Defence, Government of India on the “Make in India in Defence” under the “Strategic Partnership Model” under the Defence Procurement Procedure, 2016.
  • Mindgate Solutions Private Limited, on ACI Worldwide Inc. acquiring minority stake in Mindgate Solutions Private Limited by way of primary as well as the secondary subscription of Equity Shares.
  • The Tata Power Company Ltd. on the sale of its Strategic Engineering Division to Tata Advanced Systems Limited (a wholly-owned subsidiary of Tata Sons Limited), as a ‘going concern’ on a slump sale basis by way of Scheme of Arrangement through National Company Law Tribunal (NCLT).
  • Vishakhapatnam Port Trust, Paradeep Port Trust, Jawahar Lal Nehru Port Trust, and Deendayal Port Trust, in the on-going acquisition of 100% of GoI’s shares in Dredging Corporation of India Limited.
  • I Squared Capital Pte Ltd., Singapore on the acquisition of an entire sub-sea cable business, data center business and Indian enterprise of business of Reliance Communications Limited comprising of national long-distance services, international long-distance services, and unified access services (20 circles).
  • Ministry of Road, Transport and Highways/NHAI, on the drafting and finalization of the bidding documents including the Request for Proposal, Concession Agreement and various Project Agreements therein, for the award of the first bundle of 9 toll national highways on toll-operate-transfer (TOT) basis.
  • Marubeni Corporation Japan on issues arising under the PPA entered by the Project SPV (DYNA MAKWOSKI Power Company) with TANGEDCO for sale of power being generated from its 330 MW combined cycle power plant located at Nagai District, TN.
  • Ministry of Economy and Finance, Kingdom of Cambodia, on an O&M arrangement for the establishment of rice/paddy warehouse networks as collateral financing arrangements for users in Cambodia.
  • Arinsun Clean Energy Private Limited, backed by Actis Energy Fund, in relation to the development of the 250 MW (Unit 3) out of the 750 MW REWA UMPP Solar Power Project at Rewa, Madhya Pradesh, India.
  • Chhattisgarh Infotech Promotion Society (CHiPS) with regard to bid advisory services in relation to the tender to be floated for implementation of Sanchar Kranti Yojana (SKY) Project being executed by CHiPS, aiming to achieve telecom and digital connectivity in unconnected regions of Chhattisgarh by network augmentation and distribution of mobile phones (adding approx. 48 lakh new subscribers).
  • National Capital Region Transport Corporation, for the implementation of the Regional Rapid Transit System corridor in the states of Uttar Pradesh, Rajasthan, Haryana, and New Delhi and on the development of an 82-kilometer rapid transit system between Meerut and New Delhi.
Infrastructure, Projects and Energy, Corporate M&A, Dispute Resolution Hemant Sahaihemant.sahai@hsalegal.com+91 11 66387000
Corporate M&A, Projects and Infrastructure, Labour & Employment Soumya De Malliksoumya.demallik@hsalegal.com+91 11 66387000
Corporate M&A and private equity Dipti Lavya Swaindipti.swain@hsalegal.com+91 11 66387000
Corporate M&A, Labour & Employment Jivesh Chandrayanjivesh.chandrayan@hsalegal.com+91 11 66387000
Disputes and litigation Amrita Narayanamrita.narayan@hsalegal.com+91 11 66387000
Dispute Resolution Pragya Ohripragya.ohri@hsalegal.com+91 11 66387000
Dispute Resolution Rajdeep Choudhuryrajdeep.choudhury@hsalegal.com+91 11 66387000
Banking & Finance Amit Charanamit.charan@hsalegal.com+91 11 66387000
Banking & Finance Harsh Aroraharsh.arora@hsalegal.com+91 11 66387000
Banking & Finance Geeta Sahageeta.saha@hsalegal.com+91 11 43400400
Regulatory and Policy Apoorva Misraapoorva.misra@hsalegal.com+91 11 66387000
Regulatory and Policy Shreshth Sharmashreshth.sharma@hsalegal.com+91 11 66387000
Taxation, Dispute Resolution Faranaaz G Kharabarifaranaaz.kharbari@hsalegal.com+91 11 43400400
Projects & Energy, Corporate M&A Rachika A Sahayrachika.sahay@hsalegal.com+91 11 66387000
Corporate M&A, Real Estate, Technology, media and telecoms Bharat Sharmabharat.sharma@hsalegal.com+91 11 43400400
Corporate M&A, Real Estate Rahul Talwarrahul.talwar@hsalegal.com+91 11 66387000
Corporate M&A Gaurav Sahaygaurav.sahay@hsalegal.com+91 80 46317000
Dispute Resolution, White Collar Crimes Chinmay J Mirjichinmay.mirji@hsalegal.com+91 80 46317000
Projects & Energy, Corporate M&A, Dispute Resolution Ramya Hariharanramya.hariharan@hsalegal.com+91 33 40350000
Hemant Sahai photoMr Hemant SahaiHemant Sahai is the Founding Partner of HSA Advocates, a leading law…
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SA Advocates (HSA) advised ACME Solar on the divestment of 100 MW of solar assets to Amplus Energy

SA Advocates (HSA) advised ACME Solar on the divestment of 100 MW of solar assets to Amplus Energy for an aggregate value of INR 8 Billion (~USD 109 Million) HSA advised ACME Solar Holdings (ACME) on the divestment of 2 (two) solar power plants with a total capacity of 100 MW at the Pavagada Solar Park in Karnataka to Amplus Energy Solutions (backed by Petronas) for an aggregate value of INR 8 Billion (~USD 109 Million). This deal is ACME’s second asset sale to date and involves the sale of 100% economic interest in the SPV holding of two solar power plants.

Manan Shukla joins HSA Advocates as a Partner

HSA is pleased to announce the addition of Manan Shukla to the Firm.

UPERC resolves conflict between old PPAs and new regulations

Background facts: A petition was filed by Jaiprakash Power Ventures Limited (JPVL) before the Uttar Pradesh Electricity Regulatory Commission (UPERC) in respect of its 400 MW Vishnuprayag Hydro Electric Project challenging the recovery initiated by Uttar Pradesh Power Corporation Limited (UPPCL) on account of excess reimbursement made by UPPCL of taxes on income and payment of secondary energy charges in the tariff paid to JPVL. 

Sharmil Bhushan joined HSA Advocates as a Partner

We are pleased to announce the addition of Sharmil Bhushan to the Firm. As a Partner based in the Mumbai office, her practice primarily focuses on BFSI.

Promotions 2020

HSA Press release - Promotions 2020

Sharmil Bhushan joined HSA Advocates as a Partner

We are pleased to announce the addition of Sharmil Bhushan to the Firm. As a Partner based in the Mumbai office, her practice primarily focuses on BFSI.

Amaresh Kumar Singh joined HSA Advocates as a Partner

HSA is pleased to announce the addition of Amaresh Kumar Singh to the Firm. As a Partner based in the New Delhi office, his practice primarily focuses on real estate and civil and commercial litigation.

Supreme Court dismisses the challenge to APTEL Judgment in the case of acquisition of Prayagraj Power Generation Company Limited (PPGCL) through a resolution process undertaken by SBI

The Hon’ble Supreme Court in its recent order dated January 20, 2020 has dismissed the challenge to APTEL Judgment involving issues of regulatory overreach and the statutory role of a regulatory commission while dealing with debt resolution efforts of lenders. In the present instance, lenders have attempted to explore a solution for a stressed power generation asset outside of IBC purview with the intent of minimizing the haircut that lenders are typically forced to absorb. This judgment will be helpful to similar efforts being undertaken by banks, which is likely to give a much-needed boost to much needed debt resolution efforts in India’s infrastructure and power generation sector.

Data protection: Does India want to be the big data state after all?

By Vatsal Gaur, Associate PartnerThe bill was referred to a joint select parliamentary committee. If the current PDP is anything to go by, there are several opportunity costs. The PDP allows for the processing of personal data for the provision of any ‘service’ or ‘benefit’ provided by the State.

Tata-Mistry: The NCLAT order gives a leg-up to minority shareholders

Whatever the final outcome, this order will push Indian businesses to re-examine ethics within their corporate structures By Hemant Sahai, Founding Partner

The fallout of Andhra Pradesh’s u-turns on infrastructure contracts

Hemant Sahai, Founding PartnerThe Andhra Pradesh government’s announcement regarding the closure of the Amaravati Capital City Startup Area project on Nov. 11, comes on the heels of the same government's vicious assault on existing renewable energy power purchase agreements in the state, as well as the unilateral cancellation of the Polavaram dam project. The High Court of Andhra Pradesh intervened and ensured that the illegal termination of the PPAs and the cancellation of the Pollavaram project were not given effect to. However, the question of whether legally determined tariffs enshrined in lawfully concluded PPA contracts can be unilaterally reduced by the AP government is awaiting determination by the High Court in appeal.

Sunando Mukherjee joined HSA Advocates as a Partner

Sunando Mukherjee joined HSA as a Partner in the New Delhi office. As a corporate lawyer, he specializes in corporate M&A and project finance transactions in energy and infrastructure projects.

Power producers receive relief under supervisory powers of APTEL

19th August 2019Three solar power producers, namely, Ayana Renewable, Sprng Energy and SB Energy represented by their legal counsel HSA Advocates, breathed a sigh of relief after the Appellate Tribunal for Electricity (APTEL) stepped in to save their projects and investments in the Kadappa Solar Park (Phase-II – 750 MW) and Ananthpuramu Solar Park (Phase-II - 750 MW) in Andhra Pradesh.

Kshitiz Khera joins HSA Advocates as Associate Partner

December 10, 2019HSA Advocates is pleased to announce the addition of Kshitiz Khera to the Firm. As an Associate Partner based in the New Delhi office, his practice primarily focuses on civil and commercial litigation, bankruptcy and alternate dispute resolution.

HSA Advocates welcomes Ashutosh Gupta to its collegium of partnership

HSA Advocates welcomes Ashutosh Gupta to its collegium of partnership. As a Partner and Chief Strategy Officer, he will lead the strategic planning and business development efforts of the firm.

Andhra Pradesh High Court directs payment of INR 1450 crores to renewable power generators

December 20, 2019 Ensuring financial viability of power generators is critical to the growth of power sector in India. Upholding this theme, the AP High Court through its Chief Justice in a significant order has directed the state power distribution companies to make payments to renewable power generators and clear all admitted liabilities expeditiously.