Banking and Finance

Practice Areas

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The Practice

Our banking and finance practice’s team has wide experience across various streams of the sector. They come from diverse backgrounds and qualifications including working with foreign law firms and in-house at legal teams within leading Indian banks. This versatility of work helps us serve our clients from diverse backgrounds and needs

The Execution

Our work spans advocacy for leading domestic and international banks, corporations, promoters and investors on a variety of transactions including domestic loans, external commercial borrowing, acquisition finance, project finance, structured finance and re-financing transactions. Our expertise is also utilised in negotiating or advising on distressed debt situations and catering to various stakeholders in assessing the risks in such transactions

The Khaitan Advantage

We excel at understanding and navigating the laws and regulations in the Indian banking sector. This, combined with our banking and finance strengths with sector specialisation, allows us to offer innovative, creative and compliant financing solutions. Our experience in dealing with various regulators and key banking sector stakeholders gives us a unique perspective on what constitutes practical and commercially-sound legal advice

Very responsive and available - I get a global team working across many time zones. The lawyers are very commercially oriented, practical & strategic.

Chambers Global 2016: Banking & Finance

Key Contacts

Kumar Saurabh Singh

Partner

Banking and Finance, Restructuring and Insolvency
Devidas Banerji

Partner

Banking and Finance
Manisha Shroff

Partner

Banking and Finance, Debt Capital Markets

Find out how our experts can help solve the challenges you face in your industry.

Key Deals

Standard Chartered Bank, London

Advised on investment made by Crompton Greaves Ltd to secure EUR 120 million term loan facility extended to Crompton Greaves International BV, Netherlands towards payment for acquiring 100% equity stake in ZIV Aplicaciones Y Tecnologia, S.L, Spain.

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Bank of Baroda

Advised a consortium of banks led Bank of Baroda in connection with the financing of INR 900 crores to Jawala Real Estate Private Limited, a company forming part of the Lodha Group for setting up the residential real estate project named ‘The Park’ in Lower Parel.

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Reliance Industries Limited and Infotel Broadband Services Pvt. Limited

Advised in relation to arranging External Commercial Borrowing (ECB) which formed part of the financing required to fund their recently acquired pan India Broadband Wireless Access (BWA) spectrum for INR 12,848 crore (USD 2.85 billion approx.), pursuant to the auction conducted by Department of Telecom, Government of India.

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IDFC Limited (as the Lead Lender) and Bindu Vayu Urja Private Limited (as the Borrower)

Advised in relation to refinancing of outstanding loans of approximately INR 7.75 billion availed by Bindu Vayu Urja Private Limited for setting up wind power projects in Maharashtra, Rajasthan and Gujarat for USD 7.75 billion approximately.

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ADCB/Lulu

Advised on external commercial borrowing availed by Lulu Convention and Exhibition Center Pvt Ltd for the purpose of part financing of the construction of a “Bolgatty Hotel & Convention Centre” in Kochi, Kerala for USD 98 million approximately.

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YES Bank Limited

Advised client in relation to financing the construction and development of the two separate township projects in Mumbai – ‘Indiabulls Greens’ at Panvel and ‘Golf City’ at Savroli for INR 5 billion.

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ECL Finance Limited

Advised on the issue of rated, listed, secured, redeemable, non-convertible debentures for an amount aggregating to USD 215.74 million (INR 1500 crores) on a private placement basis against security over identified employee stock option loan receivables to Credit Suisse. This is one of first few transactions involving secured borrowings by NBFCs against identified escrowed receivables.

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DBS Bank Limited, Singapore

Advised in relation to USD 340 million External Commercial Borrowing (ECB) loan facility provided to Vodafone Essar Limited and its Group companies for repayment of loans made available to Vodafone for the purposes of the acquisition of 3G spectrum.

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International Finance Corporation

Advised as the sole legal advisers to client in connection with the updation of the shelf document for their ₹ 6000 crore rupee “maharaja” bond programme listed on the NSE in India. Also acted as sole legal advisers in connection with the issue, allotment and listing on the NSE of sub-tranche 2 of tranche 3 of 8.88% fixed rate rupee denominated, unsecured, non-cumulative, redeemable, listed non-convertible bonds (“Bonds”) in India comprising separately tradable redeemable principal parts (STRPPs) aggregating to ₹ 183.6 crores rated AAA by Standard and Poor’s Ratings Services (“S&P”) and Aaa by Moody’s Investors Service, Inc. (“Moody’s”), under the ₹ 6000 crore rupee “maharaja” bond programme of IFC in India.

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Insights

IBBI lifts Restrictions for Insolvency Professionals of Personal Guarantors

read more + 14 Feb '24
Impact of Electricity Amendment Rules, 2024 on Financing

read more + 31 Jan '24
The RBI Master Directions 2024: Revamping Money Market Regulations

read more + 28 Jan '24
Draft Circular on ‘Review of Regulatory Framework for HFC and Harmonization of Regulations Applicable to HFCs and NBFC’

read more + 24 Jan '24
DBS Bank Limited Singapore v Ruchi Soya Industries Limited and Another – SC Reignites the Discussion on the Minimum Liquidation Value Payable to a Dissenting Secured Financial Creditor

read more + 23 Jan '24
RBI Measures to Curtail Evergreening: Impact on Alternative Investment Funds

read more + 28 Dec '23