Firm Profile > HSA Advocates > New Delhi, India

HSA Advocates
81/1, Adchini,
Sri Aurobindo Marg
NEW DELHI
110017
India

Projects and energy Tier 1

HSA Advocates fields a well-established practice handling large-scale projects covering roads, airports, ports, oil and gas, conventional as well as renewable energy transactions. The firm is noted for its experience in the project finance and PPP market in India, having also been involved in multiple international projects across Asia, Africa and South America. An area of particular focus is the energy sector (namely renewable energy), evidenced by the strong track record in greenfield power generation projects. Hemant Sahai is a key name for environmental law matters. Soumya Kanti De Mallik's sectoral expertise encompasses nuclear energy, industrial corridors, smart cities and airports. Akshay Malhotra is involved in project development as well as dispute resolution with an emphasis on PPP. The team has recently undergone some changes: key projects' senior partner Anjan Dasgupta departed to DSK Legal, while project finance expert Amit Charan joined from SNG & PARTNERS.

Key clients

ACME Cleantech Solutions

SB Energy (Softbank Group)

Sembcorp India

CleanMax Solar

RAVI Renewable Energy and Lighting (India)

Mytrah Energy

GMR Group

Northern Operating Services

CIDCO Limited (Navi Mumbai International Airport Project)

Ministry of Road, Transport and Highways/ National Highways Authority of India

MIHAN Limited/ Maharashtra Airport Development Company Limited

Mumbai Port Trust

Shanghai SIIC Transportation Electric Co., Ltd., China

Arinsun Clean Energy Private Limited, backed by Actis Energy Fund

International Finance Corporation (IFC)

Solenergi Power Private Limited, Mauritius (Energy Fund Platform for Actis GP, LLP London)

State General Reserve Fund (SGRF)

Tata Reality

Niti Aayog

Fortum

SPRNG Energy

Tata Power

Dispute resolution Tier 2

HSA Advocates has longstanding experience advising clients in the energy sector, including renewables, on a wide range of disputes, most recently in relation to objections to article 226 of the Constitution of India and issues arising from power purchase agreements. The team has further expertise in acting for financial creditors in proceedings under the IBC regarding debt recovery, as well as handling regulatory disputes and corporate and commercial disputes in sectors including infrastructure, banking and financial services. Practice head Hemant Sahai, whose key sectors are infrastructure and energy, recently acted for Gujarat Urja Vikas Nigam in a dispute regarding fuel costs. Six members of the practice, including senior partner Abeezar E Faizullabhoy, left the firm to join Argus Partners in 2019; however, it was joined by seven new lawyers, including Puja Priyadarshini from J Sagar Associates and Kshitiz Khera from Link Legal - India Law Services.

Testimonials

‘The disputes team at HSA is exceptional. Under the leadership of Hemant Sahai, the team has dedicated lawyers who have the ability to work round the clock to assist a client needing urgent advice and assistance.’

‘We engage Hemant Sahai for advice and assistance on regulatory disputes. His in-depth understanding of the energy sector and the ability to find solutions to issues is exceptional.’

Key clients

Adani Group

Avantor Performance Materials

Acme Cleantech Solutions Pvt. Ltd.

CLP Group

Finolex Cables

GMR Group

Greenko Group

GVK including Mumbai International Airport Limited

Hero Group

Hindustan Construction Company

Hindustan Powerprojects

Instalaciones Inabensa, S.A.

Mumbai Port Trust

Mytrah Energy Limited

ONGC Videsh Ltd.

Renew Power

SB Energy (Softbank Group)

Sembcorp Power Limited

Tata Power

Vizhinjam International Seaport

Welspun Group

Dispute resolution: arbitration Tier 2

HSA Advocates' arbitration practice has particular expertise acting for clients in the oil and gas, manufacturing and energy sectors in high-value multi-jurisdictional and domestic contractual disputes, in addition to a strong track record of advising lenders, including banks and financial institutions, on recovery proceedings. Practice head and founding partner Hemant Sahai stands out for his involvement in disputes and policy developments across the infrastructure sector in India, where he has worked with such organisations as the World Bank and the Planning Commission of India.

Key clients

Adani Group

Avantor Performance Materials

Acme Cleantech Solutions Pvt. Ltd.

CLP Group

Finolex Cables

GMR Group

Greenko Group

GVK

Hero Group

Hindustan Construction Company

Hindustan Powerprojects

Instalaciones Inabensa, S.A.

Mumbai Port Trust

Mytrah Energy

ONGC Videsh

Renew Power

SB Energy

Sembcorp Power

Tata Power

Vizhinjam International Seaport Limited

Welspun Group

ONGC Videsh

Murmugao Port Trust

Sembcorp

ACME Group

Mytrah Energy

Gujarat Maritime Board

TMT Tier 2

Stand-out fields of expertise for HSA Advocates’ TMT practice include the provision of supply and service contracts in the telecoms sector, licensing and distribution arrangements in the entertainment sector and industry-specific regulatory advice on M&A transactions in the software space. Kunal Badyal has particular expertise with structuring and negotiating film distribution agreements; typical work involves (among others) licensing and broadcasting agreements, actor engagement contracts, distribution agreements and celebrity rights issues. In addition to handling cross-border reorganisations and acquisitions for TMT clients, Bharat Sharma is also experienced with handing ASCI complaints.

Testimonials

HSA Advocates provides prompt service and is proactive in its approach.’

Bharat Sharma is highly competent, has in-depth knowledge and provides pragmatic, business-effective solutions.’

Kunal Badyal is extremely professional and has an in-depth, technical knowledge of the TMT space.

Kunal Badyal has a good understanding of the media industry and delivers sensible and commercially viable advice.

Key clients

Yash Raj Films Private Limited

Lava International Limited

ICICI Ventures

Chhattisgarh InfoTech Promotion Society

Sigfox Singapore

Gartner India Research & Advisory Services

I Squared Capital

UBS Business Solutions

Banking and finance Tier 3

Driven by the firm-wide focus on energy and infrastructure, HSA Advocates' banking and finance group predominantly acts for lenders and borrowers in project finance matters relating to the construction of renewable energy sites. The group also offers strong regulatory knowledge, with partner Harsh Arora, who leads on the majority of the firm's mandates, frequently instructed by international banks to provide advice on financing and product development.

Key clients

ECL Finance Limited and ECL Finvest Limited

State Bank of India

Power Finance Corporation Limited

Renew Power

HDFC Bank Limited

TEPSOL Projects Private Limited and Maharashtra RESCO Rooftop Solar Power Private Limited

National Highways Authority of India

Acme Solar Holdings Limited and Acme Jaipur Solar Power Private Limited

CMA Terminals Societe par Actions Simplifiee

Piramal Capital & Housing Finance Limited

Corporate and M&A Tier 3

With broad capabilities spanning mergers and acquisitions, joint ventures, public and private debt and equity offerings and cross-border transactions, HSA Advocates  is best known for its commitment to the energy sector in India. In a recent instruction Bharat Sharma, who handles every aspect of deals for buyers and sellers including due diligence and drafting transaction documents, acted for Tata Power Company on the sale of its Strategic Engineering Division to Tata Advanced Systems through a slump sale under the procedure for the resolution of distressed assets set out in the Companies Act, 2013. In 2018/19 the group lost seven of its members, including several partners, and made five new hires.

Testimonials

‘We find that HSA Advocates is an excellent law firm for the reason that they are always providing very clear legal opinions which are very well written and clear.’

 

‘The team helped our company through a proposed M&A through foreign investment where we as a company from Europe found their help invaluable.’

Key clients

Actis GP, LLP

Hero Electronix

Renew Power Ventures Pvt. Ltd

Rockman Industries Limited

Auroma Logistics Private Limited

BSCPL Infrastructure Limited

Gamma Pizzakraft Overseas Private Limited

Atha Group

Zee Group

I Squared Capital

NVR Mahasolar Pvt. Ltd.

Royal Group, UAE

Just Energy

Donear Industries

ICICI Ventures

Tata Steel

Adani Group

Arctech Solar Holding Co. Ltd.

Exide Industries Ltd.

Acme Solar Holdings Pvt. Ltd.

Mindgate Solutions Pvt. Ltd.

Leadec Holding Bv & co.

Astrum Management Advisory Pvt. Ltd.

Labour and employment Tier 3

Recent mandates for HSA Advocates’ labour and employment team involved handling in-depth employee contract, HR and ESOP policy reviews to ensure compliance with minimum wage, gender equality and other developing regulations. International clients often instruct the team to handle employee transfer exercises. Professionals such as Jivesh Chandrayan and Soumya Kanti De Mallik also cite experience with providing HR advice in the unionised industries.

Testimonials

HSA Advocates is an excellent law firm which provides very clear legal opinions.

Jivesh Chandrayan has great knowledge and competence with court situations and risk assessment.

Key clients

Terma A/S Denmark and Terma (India) Private Limited

Faith Health Care Private Limited

INFOBIP – Infobip India Private Limited and BSMART India Private Limited

Avantor Performance Materials India

HH Global: Procurement and Creative Production Solutions

SREI Infrastructure Finance

Sigfox Singapore

HORIBA India

Acme Solar Holding India

Tax Tier 3

Recent contentious issues for the HSA Advocates tax offering involved the provision of newly implemented GST laws, contested tax burdens and niche matters regarding safeguard duties in the solar industry. The firm has a strength in international taxation matters, particularly concerning Double Taxation Avoidance Agreements and cross-border M&A transactions. Clients are sourced from sectors such as financial services, manufacturing, FMCG, healthcare, media and energy.

Key clients

ACME Cleantech Solutions Private Limited

Yash Raj Films Private Limited

Asia-Pacific Flight Training Academy

SUCG

Avantor Performance Materials India

SPRNG Energy

SB Energy

Mahindra Group

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:

  1. 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.
  2. 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.
  3. United Overseas Bank, Singapore for the foreign currency loan of USD 100 million to State Bank of India, Singapore Branch.
  4. 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.
  5. 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.
  6. Credit Agricole Corporate and Investment Bank, Hong Kong and Singapore on product development and services relating to their investment banking business in India.
  7. Delhi- Mumbai Industrial Corridor in one of the largest infrastructure and urbanization project in the world, including the Chennai- Bangalore Industrial Corridor.
  8. Altran (a conglomerate headquartered in Paris, France) on the acquisition of Aricent and its subsidiaries across the globe.
  9. World Bank in relation to a foreign currency facility of USD 195 million given to an India government-owned entity.
  10. Royal Group UAE, in relation to a primary investment in Coldrush Logistics Private Limited.
  11. Central Electricity Board, Mauritius on a number of solar energy, wind energy and waste to energy projects.
  12. 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.
  13. 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.
  14. 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.
  15. 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.
  16. 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.
  17. 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.
  18. Yash Raj Films on all legal, contracting, transactions, film productions and all media-related matters.
  19. 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.
  20. 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.
  21. Inox Renewables Ltd., in international commercial arbitration on the issue of wind energy against the world’s no. 1 wind energy group.
  22. 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.
  23. 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.
  24. 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.
  25. 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.
  26. 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.
  27. 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.
  28. 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.
  29. The International Finance Corporation, in structuring PPP projects in India, Bangladesh & Philippines pertaining to transport infrastructure, healthcare, solar energy, and transmission line.
  30. 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.
  31. 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.
  32. Tata Power on several matters before the Hon’ble Supreme Court of India, High Court of Judicature at Bombay, APTEL, CERC, and DERC.
  33. 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.
  34. 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.
  35. 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.
  36. Ministry of Defence, Government of India on the “Make in India in Defence” under the “Strategic Partnership Model” under the Defence Procurement Procedure, 2016.
  37. 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.
  38. 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).
  39. 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.
  40. 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).
  41. 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.
  42. 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.
  43. 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.
  44. 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.
  45. 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).
  46. 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.
Department Name Email Telephone
Infrastructure, Projects and Energy, Corporate M&A, Dispute Resolution Hemant Sahai hemant.sahai@hsalegal.com +91 11 66387000
Corporate M&A, Projects and Infrastructure, Labour & Employment Soumya De Mallik soumya.demallik@hsalegal.com +91 11 66387000
Corporate M&A and private equity Dipti Lavya Swain dipti.swain@hsalegal.com +91 11 66387000
Corporate M&A, Labour & Employment Jivesh Chandrayan jivesh.chandrayan@hsalegal.com +91 11 66387000
Disputes and litigation Amrita Narayan amrita.narayan@hsalegal.com +91 11 66387000
Dispute Resolution Pragya Ohri pragya.ohri@hsalegal.com +91 11 66387000
Dispute Resolution Rajdeep Choudhury rajdeep.choudhury@hsalegal.com +91 11 66387000
Banking & Finance Amit Charan amit.charan@hsalegal.com +91 11 66387000
Banking & Finance Harsh Arora harsh.arora@hsalegal.com +91 11 66387000
Banking & Finance Geeta Saha geeta.saha@hsalegal.com +91 11 43400400
Regulatory and Policy Apoorva Misra apoorva.misra@hsalegal.com +91 11 66387000
Regulatory and Policy Shreshth Sharma shreshth.sharma@hsalegal.com +91 11 66387000
Taxation, Dispute Resolution Faranaaz G Kharabari faranaaz.kharbari@hsalegal.com +91 11 43400400
Projects & Energy, Corporate M&A Rachika A Sahay rachika.sahay@hsalegal.com +91 11 66387000
Corporate M&A, Real Estate, Technology, media and telecoms Bharat Sharma bharat.sharma@hsalegal.com +91 11 43400400
Corporate M&A, Real Estate Rahul Talwar rahul.talwar@hsalegal.com +91 11 66387000
Corporate M&A Gaurav Sahay gaurav.sahay@hsalegal.com +91 80 46317000
Dispute Resolution, White Collar Crimes Chinmay J Mirji chinmay.mirji@hsalegal.com +91 80 46317000
Projects & Energy, Corporate M&A, Dispute Resolution Ramya Hariharan ramya.hariharan@hsalegal.com +91 33 40350000
Photo Name Position Profile
Mr Hemant Sahai  photo Mr Hemant Sahai
Number of lawyers : 150+
English
Hindi
other major Indian regional languages

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.

Kshitiz Khera joins HSA Advocates as Associate Partner

December 10, 2019 HSA 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.

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.

Power producers receive relief under supervisory powers of APTEL

19th August 2019 Three 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.

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.

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

Hemant Sahai, Founding Partner The 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.

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

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

By Vatsal Gaur, Associate Partner The 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.

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.

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.