News and developments

Dispute Resolution

ADJUDICATING AUTHORITY NOT EMPOWERED TO EXAMINE MERITS OF RESOLUTION PLAN OR SUPPLANT ITS OWN VIEW UNDER LIMITED JURISDICTION OF JUDICIAL REVIEW / RECONSIDERATION OF FINANCIAL ASPECTS OF RESOLUTION PLAN APPROVED BY COC CANNOT BE DONE BY ADJUDICATING AUTHORITY

The National Company Law Appellate Tribunal, New Delhi (hereinafter referred to as the “Appellate Tribunal”), vide its judgment dated 09.07.2025 has allowed the appeals preferred against the order passed by the National Company Law Tribunal, Mumbai (hereinafter referred to as the “Adjudicating Authority”), whereby the Adjudicating Authority had dismissed the application filed by the Resolution Professional seeking approval of the resolution plan submitted by Univatsu India Ltd., the Successful Resolution Applicant, in the Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor, Setubandhan Infrastructure Ltd.
11 July 2025
Press Releases

SNG & PARTNERS ASSISTS INVESTORS AND DEBENTURE TRUSTEE IN NON-CONVERTIBLE DEBENTURE ISSUANCE BY LODHA DEVELOPERS LIMITED

SNG & Partners represented investors and the debenture trustee in relation to the issuance of rated, listed, senior, secured, redeemable, taxable, transferable non-convertible debentures (NCDs) aggregating to a total of INR 500 Crores by Lodha Developers Limited, formerly known as Macrotech Developers Limited (Lodha Developers), one of India’s largest and most prominent real estate developers.
07 July 2025
Press Releases

Bridging Law and Trade: Second Edition of Documentary Letters of Credit Book Released

BOOK RELEASE In a significant development for trade finance and legal literature in India, Amit Aggarwal, Managing Partner - Corporate & Non-Contentious Practice, at SNG & Partners, is pleased to announce the release of the Second Edition of the iconic book “Documentary Letters of Credit – A Review of Cases from the Courts of India”, which has been jointly authored by him, alongside international trade finance experts Ashish Madan, Founder of boutique advisory firm Adam Smith Associates, and Vincent O’Brien, Director at the International Chamber of Commerce (ICC) UAE.
27 June 2025
Press Releases

SNG & Partners advised State Bank of India on a lease rental term loan of Rs. 775.44 crores and a non-fund-based facility of Rs. 17.51 crores sanctioned to Velankani Information Systems Private Limited.

SNG & Partners advised State Bank of India in relation to lease rental term loan fund-based facility amounting to Rs. 775.44 CRORES and credit exposure non-fund-based facility amounting to Rs. 17.51 crores sanctioned to Velankani Information Systems Private Limited in relation to their real estate project at Electronic City, Bengaluru.
29 May 2024
Press Releases

SNG & Partners advised Axis Bank Limited in relation to construction finance amounting to INR 700 crores sanctioned to Prestige Falcon Business Parks

SNG & Partners advised Axis Bank Limited in relation to construction finance amounting to INR 700 crores sanctioned to Prestige Falcon Business Parks in relation to the commercial real estate development of “Prestige Tech Forest” at Bengaluru. SNG also advised on the partial sell down of the facilities to RBL Bank Limited. SNG advised both lenders in the transaction and provided legal advisory and documentation support; negotiating and finalizing the facility and security documents and the inter-creditor documentation. Since the intention to sell down was made known prior to the drafting of the facility and security documents, SNG carefully structured and drafted the documents so as to ensure that the sell down leg of the transaction was effected very efficiently and effectively. The ease of closing the second leg was appreciated by the lenders. The transaction was advised by Mr. Ashok Satyanathan (Partner), Ms. Sweta Mehta (Associate Partner), Ms. Avni Gupta (Associate) and Mr. Manan Pant (Associate).  
29 May 2024
Press Releases

SNG & Partners announces promotions at Partner Level

SNG & Partners has announced promotions at the Partner and Associate Partner level. While Soumyajit Mitra, Subrata Mukherjee and Aditya Vikram Dua have been promoted to the position of Partners, there are four promotions to the Associate Partner designation, namely, Sweta Mehta, Samreen Paloba, Rashmi Raveendran, and Jahnavi Dwarkadas. With this recent development, the combined count of Partners and Associate Partners at the firm stands at 28.
21 March 2024
Press Releases

Sharad Joshi Joins SNG & Partners as a Project Finance Partner in the Corporate Practice

SNG & Partners welcomes Sharad Joshi, former Co-Founding Partner of Anoma Legal, as a Partner in the Corporate Practice. Sharad will be operating out of the Mumbai Office of the firm and brings with him a decade-and-a-half of experience in the Infrastructure Projects and Project Finance, with a focus on Energy and Transportation sectors. He holds an LL.M. and an LL.B. from Mumbai University and is qualified with the Bar Council of Maharashtra & Goa since November 2006.
21 March 2024
Press Releases

SNG & Partners Onboards Gaurav Sahay as Partner to Enhance Technology Practice in Bangalore

SNG & Partners has onboarded Gaurav Sahay as Partner to augment its Technology Practice. Gaurav, with over a decade and a half of experience in the technology sector, shall be joining the Bangalore Office of the firm, which is currently headed by Subrata Mukherjee. With Gaurav’s joining, the firm has taken yet another step to augment its presence in the Southern part of the country, after its exclusive alliance with R&P Partners last year.
21 March 2024
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