SNG & PARTNERS

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.

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.

SNG & Partners has advised UGRO Capital Limited, a prominent DataTech NBFC focused on MSME lending, on its successful capital raise aggregating ₹1,315 crore through a rights issue and a preferential allotment.

SNG & Partners has advised UGRO Capital Limited, a leading listed DataTech NBFC focused on MSME lending, on its proposed acquisition of Profectus Capital Private Limited from global private equity fund Actis for an all-cash consideration of ₹1,398.6 crore.

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.

Mumbai, Xx March, 2025: SNG & Partners has been engaged by Volaron Tech Private Limited to provide end-to-end legal services for the establishment and expansion of its insurance distribution business.

SNG & Partners has successfully advised and assisted Indian multinational conglomerate Patanjali Ayurved Limited in negotiating a Share Purchase Agreement to acquire a majority stake of 73.555% in Magma General Insurance (formerly known as Magma HDI General Insurance Company Limited).

SNG & Partners advised a large global multinational bank in India in relation to green loan facilities amounting to INR. 200.00 Crores sanctioned to Vikas Telecom Private Limited for its green project “Embassy Tech Village” at Bengaluru.

SNG & Partners acted as the legal counsel to the JM Financial Group entities in subscription of 1350 Senior,

SNG & Partners acted as the legal counsel to the investors in relation to the issuances of secured, rated, listed, redeemable, non-convertible debentures of an amount aggregating INR 1100,00,00,000 by DLF CYBER CITY DEVELOPERS LIMITED.

SNG & Partners advised and assisted HDFC Credila Financial Services Limited (HDFC Credila) in raising an estimated amount of INR 2500 crore.

SNG & Partners has advised the State Bank of India regarding a term loan facility of ₹200,00,00,000 and a non-fund-based facility of ₹5,00,00,000,

SNG & Partners recently announced an expansion of their partnership with the onboarding of Ravi Bhadani as the Partner of its Insurance and Funds practice.

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.

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).  

SNG & Partners, a leading law firm established in 1962 and headquartered in India, proudly announces the official launch of its dedicated Japan Desk.

The debentures have aggregate face value up to INR 2,800,000,000.

The debentures have aggregate face value up to INR 1,350,00,00,000.

SNG & Partner welcomes Sirisha Sampat as a Partner in the Real Estate Practice, effective September 1st, 2023.

SNG & PARTNERS ASSISTS THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED ON EXTERNAL COMMERCIAL BORROWING EXTENDED TO IIFL FINANCE LIMITED

The debentures have aggregate face value up to INR 200,00,00,000.

SNG & Partners has assisted Lenders, in a multiple banking arrangement, in relation to green financing, aggregating up to INR 1065 crores availed by PRAHITHA CONSTRUCTIONS PRIVATE LIMITED.

SNG & Partners has assisted Lenders, in a multiple banking arrangement, in relation to loan facility (including green loan component), aggregating up to INR 1150 crores availed by RMZ INFINITY (CHENNAI) PRIVATE LIMITED.

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.

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.

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.