Dhir & Dhir Associates

Dhir & Dhir Associates is known for advising clients across various spectrums, including leading Public & Private Sector establishments; some of our notable transactions:

• Dhir & Dhir Associates is pleased to have supported Power Finance Corporation Limited in granting financial assistance of INR 170.90 Crores to an SPV of Juniper Green Energy for the development of a 50 MW (70 MWp) solar PV project in Bikaner, Rajasthan, read more.

• Dhir & Dhir Associates advised India Infrastructure Finance Company Limited (IIFCL) on sanctioning and disbursing refinance facility aggregating to ₹3,500 crore to Indian Railway Finance Corporation Ltd under its new refinancing scheme. The firm provided advisory and support including but not limited to drafting, reviewing and finalisation of the financing documents, read more.

• Max Healthcare Institute Limited has acquired 64% stake in Jaypee Healthcare Limited, a wholly-owned subsidiary of Jaypee Infratech, for ₹398 crore, with an option to acquire the remaining equity over time. Jaypee Healthcare Limited was relegated to insolvency proceedings under the Insolvency and Bankruptcy Code. The deal, valued at ₹1,660 crore, was executed during the Corporate Insolvency Resolution Process (CIRP) of Jaypee Healthcare. Dhir & Dhir Associates advised and represented Jaypee Infratech and Lakshdeep Group in the entire legal proceedings including proceedings before the NCLT/NCLAT, ensuring compliance with regulatory requirements and protecting the interests of all stakeholders involved, read more.

• Dhir & Dhir Associates advised & acted as legal advisor to Influx Healthtech Limited in connection with its Initial Public Offering (IPO) on NSE Emerge, involving an offering of 11,00,400 equity shares, read more.

• Dhir & Dhir Associates advised O2 Power Group (one of the fastest growing renewable energy companies in India) as borrower’s legal counsel for its various SPVs in connection with availing financial assistance aggregating up to INR 4,900.9 million for setting up projects in the state of Karnataka from various financial institutions, read more.

• The firm represented and advised Amtek Group, one of the largest integrated component manufacturers in India, in a matter wherein various Banks/FIs initiated action against the Companies forming part of the Amtek Group as well as its Promoter Mr. Arvind Dham under IBC2016.

• Dhir & Dhir Associates successfully advised India Infradebt Limited ("IDF") as its legal counsel in connection with financial assistance aggregating to INR 565.00 Crore. This substantial assistance was made available to one of the group companies of Renew Power for re-financing operational wind power projects of approximately 125MW across various states, read more.

• Dhir & Dhir Associates successfully advised Power Finance Corporation Limited ("PFC") as its legal counsel in connection of financial assistance aggregating to INR 723.19 Cr made available to juniper Green Beam Private Limited for setting up of wind power projects of approximately 119.70 MW in state of Gujarat, read more.

• Dhir & Dhir Associates successfully acted as legal advisor for the issuance of 2450 NCDs for an amount aggregating up to Rs. 245.00 Crore, by Stongbiz Propbuild Private Limited on "private placement basis" to SWAMIH Investment Fund I. The scope of work inter-alia includes conducting land title search, corporate due diligence, drafting of transaction documents, negotiation with the borrower team, drafting of resolutions, certificates, condition precedent compliance report, pre disbursement compliance report and issuance of closing legal opinion, read more.

• Dhir & Dhir Associates acted as issuer legal advisor for the issuance and listing of 3250 NCDs for an amount aggregating up to Rs. 325.00 Crore, by Prateek Realtors (India) Private Limited on "private placement basis". The scope of work inter-alia includes review of transaction documents, resolutions, and certificates, negotiation with the debenture-holder Team and assistance in listing compliance, read more.

• Dhir & Dhir Associates advised India Infradebt Limited as legal counsel in connection with a refinancing and top-up facility aggregating INR 1,876.5 million. This facility was made available to 4 SPVs of AmpIn Energy Transition Group, enabling the completion of their 50 MW power projects in Maharashtra, read more.

• Dhir & Dhir Associates recently advised Piramal Enterprises Limited to secure financial assistance for Pan Ban Associates Private Limited, amounting to INR 115.00 Crore. This assistance is aimed at refinancing and acquiring inventory plots in a project developed in Punjab, read more.

• Dhir & Dhir Associates had the opportunity to act as legal counsel for Power Finance Corporation Limited in facilitating financial assistance of INR 310.74 Crore for Acme Pokhran Private Limited. This funding supports establishing a 49.50 MW wind power project in Gujarat, safeguarding the lender's interests, read more.

• Dhir & Dhir Associates conducted a comprehensive review of NongHyup Bank (India), part of the prestigious NongHyup Bank from South Korea. Our rigorous assessment ensured the bank's internal policies align with the highest standards of governance, compliance, and industry best practices, read more.

• Dhir & Dhir Associates proudly advised Tata Capital Limited as legal counsel for INR 250 Crore financing to AmpIn Energy Transition Private Limited. This significant financial assistance will fund capital expenditure and energy projects with a combined capacity of 244 MW, implemented by AMP Solar Group, read more.

• Dhir & Dhir Associates advised India Infrastructure Finance Company Limited (IIFCL) on its ₹500 crore financial assistance extended to Anzen India Energy Yield Plus Trust, facilitating the acquisition of 100% stake in Renew Sun Waves Private Limited, read more.

• The firm acted as the Lenders’ Legal Counsel to REC Limited, one of India’s leading public Infrastructure Finance Company in India's power sector, for the financial assistance of up to USD158 Million approx. as rupee term loan to ACME Heergarh Powertech Private Limited, for the purposes of part financing the estimated project cost of one 300 MWac/450 MWp solar PV project in the State of Rajasthan.

• Dhir & Dhir Associates advised Power Finance Corporation (PFC) in granting financial assistance of ₹1709 million to a special purpose vehicle of Juniper Green Energy, in a fast track manner. Dhir & Dhir Associates advised and assisted Power Finance Corp in closing the deal within scheduled timelines. The Firm provided end-to-end support for the transaction, including drafting, negotiating, and finalising the financing documents, conducting due diligence on SPV and the project, issuance of pre-commitment and disbursement compliance reports and completing other related activities, read more.

• India Infrastructure Finance Company Limited (IIFCL) sanctioned and disbursed a takeout facility aggregating to ₹1,000 crore under its Takeout Finance Scheme to MB Power (Madhya Pradesh) Limited, a group company of Hindustan Power. Dhir & Dhir Associates acted as Lenders Legal counsel to IIFCL. The Firm's scope of work was not limited to drafting of financing and security documents for securing the takeout facility but also involved discussions and negotiations with the existing consortium lenders and their counsel, read more.

• The firm represented Deccan Chargers in an arbitration with the Board of Control for Cricket in India (BCCI). BCCI lost an arbitration award to Deccan Chronicle Holdings Ltd worth USD 64 billion in a landmark judgement. The award was passed in favour of Deccan Chronicle by a court appointed arbitrator in Mumbai on premature termination of franchise.

• Drafted the resolution plan for the Corporate Debtor i.e. IREO Fiverriver Private Limited under the provisions of IBC2016.

• REC Limited and IREDA disbursed a term loan of approximately ₹4,053 crore to Suzlon Energy Limited and its subsidiaries for refinancing its existing facilities. Dhir & Dhir Associates have advised the Lenders - REC and IREDA on the legal due diligence of the Borrower Group, drafted and negotiated the financing and security documents, and provided legal advice on crucial matters pertaining to the transaction, read more.

• We have drafted pleading, advised and represented EPC Constructions India Ltd. (Essar Group) before NCLT, Mumbai against a petition filed by Bank for default of USD128 million approximately. Also advised and represented the Promoter suspended Board of Essar Steel on various legal issues, which are arising during the insolvency proceedings.

• Advised Decathlon Sports for acquiring leasehold rights on many units situated in Gurugram, Haryana. The deal involved drafting of documentation/agreement including comprehensive due diligence of the land, consultation on legal compliances, laws, regulations, permits and consents as part of the land acquisition process.