Ms Aastha > Argus Partners > Mumbai, India > Lawyer Profile
Argus Partners Offices

11, 1st Floor
Free Press House, 215, Nariman Point
Mumbai 400021
India
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Ms Aastha

Work Department
Finance, Corporate Restructuring & Insolvency, Real Estate
Position
Partner
Career
Aastha’s practice focuses on financing as well as corporate insolvency and restructuring matters. She holds extensive experience of over 12 years in handling various banking and finance, projects and project finance transactions, both as lenders’ counsel as well as borrower’s counsel. She advises several renowned banks, NBFCs, credit funds and large corporate houses on various transactions including, structured finance, syndicated lending, real estate financing and financing through NCDs.
Aastha’s restructuring experience involves providing strategic inputs and solutions on a full range of contentious as well as non-contentious distressed situations. She advises a wide range of stakeholders on corporate insolvency and restructuring matters which includes investors, asset reconstruction companies, financial institutions as well as the committees of creditors and regularly appears before the NCLT for various matters under the Insolvency and Bankruptcy Code (IBC). She is also involved in making stakeholders’ representations to the Ministry of Corporate Affairs and the Insolvency and Bankruptcy Board of India on issues under the existing IBC regime and suggesting changes to the same.
Aastha has pursued her B.A.,LL.B (Hons.) from the National University of Juridical Sciences (NUJS), Kolkata.
Select Professional Experience
Advised SWAMIH Investment Fund I on its investment of INR 300 crores in the Hubtown Group project ‘Rising City’.
Advised Dalmia Polypro Industries on raising USD 30 million external commercial borrowing from DFC for establishing a greenfield recycling facility in Maharashtra.
Represented the erstwhile HDFC Limited (since merged with HDFC Bank) before the Supreme Court, against IL&FS.
Advised on India’s largest ever merger to create India’s second largest bank, HDFC Bank.
Advised Ind Swift Laboratories Limited and its promoters on the sale of its API and CRAMS businesses for INR 1,650 crores and the sale of the intermediates manufacturing business of Essix Biosciences Limited to India Resurgence Fund.
Advised ACRE ARC on purchase of distressed loans from HDFC Limited.
Advised Polygenta Technologies Limited (a leading PET recycling company engaged in sustainable circular economy), on Indian law aspects on the external commercial borrowing raised from DEG – German Investment and Development Company mbH and Danish development financier IFU.
Advised the committee of creditors on the corporate insolvency resolution process of Binani Cement Limited under the Insolvency and Bankruptcy Code, 2016.
Advised India Resurgence Fund promoted by Piramal Enterprises Limited and Bain Capital Credit in its investment of up to Rs 615 crore ($83 million) in Gujarat-based Setco Group.
Advised the consortium of lenders of Garden Silk Mills Limited (GSML) led by Bank of Baroda, on the resolution of GSML’s account under RBI’s circular, dated June 7, 2019, on resolution of stressed assets.
Advising an alternate investment fund set up by the Government under the Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects, on an ongoing basis, on their investments in various real estate projects across the country.
Advised Magma Fincorp on the acquisition of GE Money Housing Finance (GEMHF) and the entire home equity loan portfolio of GE Money Financial Services (GEMFS).
Memberships
West Bengal Bar Council.
Lawyer Rankings
India > Banking and finance
(Next Generation Partners)With a notable emphasis on project, structured, and real estate finance, Argus Partners acts for banks, real estate funds, and investment managers on the full range of transactions. Krishnava Dutt, Aastha, and Nidhi Arya co-head the practice; founder and managing partner Dutt handles regulatory matters and large financing transactions, Aastha focuses her practice on structured finance, syndicated lending, and restructuring matters, while new equity partner Arya is a key name for real estate finance.
India > City focus: Mumbai > Banking and finance
(Leading partners)
Argus Partners‘ banking and finance practice is a powerhouse in the Mumbai market. The group advises both domestic and foreign banks, financial institutions, international credit funds, and corporate houses on a wide variety of transactions including structured finance, securitisation, project financing, and consortium lending, to name a few. With cross-border capabilities and a record of handling high-value matters, the team’s impressive client roster continues to expand. Krishnava Dutt and Aastha co-head the department and bring extensive expertise to the group. Dutt stands out for his deep experience leading on M&A and financing transactions, as well as corporate governance and board responsibility matters. Aastha is highly regarded for her specialism in financing, insolvency, and restructuring, and she regularly advises on structured finance, syndicated lending, and real estate financing transactions. Prakash Panjabi notably departed the firm in May 2024.
Argus Partners‘ banking and finance practice is a powerhouse in the Mumbai market. The group advises both domestic and foreign banks, financial institutions, international credit funds, and corporate houses on a wide variety of transactions including structured finance, securitisation, project financing, and consortium lending, to name a few. With cross-border capabilities and a record of handling high-value matters, the team’s impressive client roster continues to expand. Krishnava Dutt and Aastha co-head the department and bring extensive expertise to the group. Dutt stands out for his deep experience leading on M&A and financing transactions, as well as corporate governance and board responsibility matters. Aastha is highly regarded for her specialism in financing, insolvency, and restructuring, and she regularly advises on structured finance, syndicated lending, and real estate financing transactions. Prakash Panjabi notably departed the firm in May 2024.
India > City focus: Mumbai > Real estate and construction
(Leading partners)The real estate team at Argus Partners is noted for its expertise in handling real estate acquisitions, development projects, and leasing, as well as funding and financing, regulatory compliance, and transaction structuring. The practice also offers assistance on joint development projects, special economic zones, and slum rehabilitation projects, among others. Project finance specialist Aastha – who is noted for her extensive experience assisting banks, credit funds, and corporate houses on a variety of transactions including real estate financing – co-leads the department alongside litigation expert Murtaza Kachwalla, who specialises in representing clients before judicial bodies such as the Supreme Court and the High Courts in matters regarding conveyancing and property transfers.
India > Restructuring and insolvency
Argus Partners‘ restructuring and insolvency practice has amassed extensive experience advising investors, funds, and credit committees on distressed asset acquisitions and complex corporate restructurings, as well as corporate insolvency resolution processes and insolvency-related disputes. With a broad offering, the team continues to attract new clients from a range of industry sectors including financial services, manufacturing, and real estate, to name a few. Krishnava Dutt, Aastha, and Adity Chaudhury co-lead the Mumbai team, while Arka Majumdar and Udit Mendiratta spearhead the Kolkata and Delhi groups, respectively.
Lawyer Rankings
- Banking and finance India > City focus: Mumbai
- Leading partners India > City focus: Mumbai > Banking and finance
- Leading partners India > City focus: Mumbai > Real estate and construction
- Next Generation Partners India > Banking and finance
- Real estate and construction India > City focus: Mumbai
- Restructuring and insolvency India
- Banking and finance India
Top Tier Firm Rankings
- City focus: Mumbai > Banking and finance
- City focus: Mumbai > Dispute resolution
- City focus: National Capital Region: NCR > Dispute resolution
- City focus: Bengaluru > Leading firms
- City focus: Kolkata > Leading firms
- City focus: Mumbai > TMT
Firm Rankings
- Corporate and M&A
- City focus: Mumbai > Real estate and construction
- City focus: National Capital Region: NCR > Real estate and construction
- City focus: Mumbai > Commercial, corporate and M&A
- Projects and energy
- Restructuring and insolvency
- City focus: National Capital Region: NCR > TMT
- Banking and finance
- TMT
- Private equity funds (including venture capital)