Next Generation Partners

Banking and finance in India

Argus 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.

Responsables de la pratique:

Krishnava Dutt; Aastha


Principaux clients

HDFC Limited


HDFC Capital Affordable Real Estate Fund


Ind Swift Laboratories Limited


Dalmia Polypro Industries Private Limited


SWAMIH Investment Fund I


Nisus Finance & Investment Managers LLP


State Bank of India


Union Bank of India


Canara Bank


Central Bank of India


Barings Credit


Ares SSG


Clearwater Capital


Piramal Capital


Standard Chartered Bank


Citibank N.A.


Aditya Birla Finance Limited


KKR


India Resurgence Fund


Principaux dossiers


  • Advised HDFC Limited on its merger with HDFC Bank, including on integration planning for implementation of the scheme of merger.
  • Advising Dalmia Polypro Industries Private Limited on raising an external commercial borrowing of USD 30,000,000 from the United States International Development Finance Corporation for establishing a new greenfield recycling facility in Nashik, Maharashtra.
  • Acted as the legal counsel to SWAMIH on its investment of approximately INR 300 crores in the project ‘Rising City’ being promoted by the Hubtown Group in Mumbai.

SNG & PARTNERS

As a full-service firm with a national reach, SNG & PARTNERS is capable of handling the full gamut of banking and finance matters including domestic and cross-border transactions, debt refinancing, and commercial borrowing, to name a few. With such a breadth of expertise, the group has amassed an impressive client roster made up of financial institutions, private equity houses, and real estate developers, among others. Rajesh Narain Gupta, Amit Aggarwal, and Anju Gandhi co-head the practice and bring extensive experience to the team. Gupta stands out for his aptitude at handling corporate and transactional matters, while Aggarwal is noted for his specialism in M&A, private equity, banking, finance, and capital markets. Gandhi is adept in banking and finance and private client matters, as well as regulatory issues, corporate, and real estate mandates. The group also benefit from the prowess of Ashok Sathyanathan who advises on corporate lending transactions, trade and exports finance, and investment advisory.

Responsables de la pratique:

Rajesh Narain Gupta; Amit Aggarwal; Anju Gandhi


Autres avocats clés:

Ashok Sathyanathan


Principaux clients

The Hongkong and Shanghai Banking Corporation Limited


Vistra ITCL (India) Limited


Axis Bank Limited


Piramal Enterprises Limited


HDFC Capital Advisors Limited


DBS Bank India Limited


Catalyst Trusteeship Limited


IndusInd Bank Limited


ICICI Prudential Asset Management Company Limited


IDBI Trusteeship Services Limited


Ugro Capital Limited


National E-Governance Services Ltd


Unity Small Finance Bank Limited


Shapoorji Pallonji Finance Private Limited


Standard Chartered Bank


Axis Bank Limited


Bharatpe360one Prime Limited


SBM Bank (India) Limited


LIC Housing Finance Limited


Bank of China Limited


Kotak Mahindra Bank Limited


RBL Bank Limited


P.S.N Finance Private Limited


Principaux dossiers


  • Assisted The Hongkong and Shanghai Banking Corporation Limited with an external commercial borrowing of an amount up to INR 620 Crores with a green shoe option of an amount up to INR 2068 Crores extended to IIFL Finance Limited.
     
  • Acted as the legal counsel to Axis Bank Limited and Vistra ITCL (India) Limited with respect to the issuance of secured, rated, listed, redeemable non-convertible debentures of an amount of up to INR 1,350,00,00,000 by DLF Cyber City Developers Limited.
  • Acted as the legal counsel to Piramal Enterprises Limited with respect to the grant of term loan facility of INR 650,00,00,000 to Bhartiya City Residences Private Limited.

Wadia Ghandy & Co

Wadia Ghandy & Co is a tour de force in the Mumbai market due to its breadth of expertise in banking and finance matters which range from commercial borrowing and project financing to securitisation and loan transfers. The group’s cross-border capabilities have attracted a strong client base consisting of banks, financial institutions, and non-banking financial institutions. Leading the department is Shabnum Kajiji who specialises in structured finance, although she is also highly adept in debt capital market issuances, syndicated term loans, and offshore borrowing. The practice also benefits from the aptitude of Nihas Basheer and Gopal Bankar – Basheer has extensive experience handling securitisation and bi-lateral transactions while Bankar stands out for his proficiency leading on debt syndication, corporate and commercial finance, and overseas finance matters.

Responsables de la pratique:

Shabnum Kajiji


Autres avocats clés:

Nihas Basheer; Gopal Bankar


Principaux clients

Kotak Strategic Situations India Fund – II


HDFC Bank Limited


Kotak Special Situations Fund


IIV Mikrofinanzfonds


IIV Impact Investing Funds


FCP-Raif


Axis Bank Limited


Global Climate Partnership Fund SA SICAV SIF


ASA International India Microfinance Limited


Kotak Data Center Fund


Shriram Finance Limited


Indiabulls Housing Finance Limited


Indiabulls Commercial Credit Limited


Tata Motors Finance Limited


Tata Motors Finance Solutions Limited


Shriram Finance Limited


Principaux dossiers


  • Advised Kotak Special Situations Fund on the issuance of 1,07,000 secured, rated, unlisted, redeemable non-convertible debentures aggregating to INR 1070,00,00,000.

Agrud Partners

With expertise in contract drafting and negotiations, Agrud Partners is a popular choice for financial institutions, ultra-high net worth individuals, and brokerage firms seeking banking and finance support. The practice is also capable of handling compliance and regulatory issues, as well as general advisory matters. Co-leading the group are corporate finance specialist Sajid Mohamed and dispute resolution expert Sumit Raghani. Mohamed concentrates on structuring, documenting, and negotiating transactions including debt restructuring, capital raising, corporate finance, and recapitalisations. Raghani focuses on litigation and arbitration matters arising from the real estate sector, although his extensive regulatory knowledge make him adept at leading on real estate transactions and development projects also.

Responsables de la pratique:

Sajid Mohamed; Sumit Raghani


Principaux clients

PSB Alliance Pvt. Ltd


Bank of India


Bank of Baroda


Central Bank of India


Punjab & Sind Bank


Principaux dossiers


  • Assisted Bank of India in banking outsourcing, contract drafting, and contract negotiations.
  • Assisted Punjab & Sind Bank in banking outsourcing, contract drafting, and contract negotiations.

Bombay Law Chambers

The banking and finance practice at Bombay Law Chambers specialises in structuring debt products and debt financing for non-banking financial institutions, institutional investors, international banks, and venture debt investors. Co-leading the group are founding partners Karan Kalra, Dipanshu Singhal, and Abhinav Harlalka. Kalra has expertise in domestic and cross-border transactions including venture capital, private equity, and M&A, as well as joint ventures and structured finance. Singhal focuses on structuring, seed fundings, and investments, while Harlalka concentrates on setting up investment funds and leading on M&A and structured finance matters.

Responsables de la pratique:

Karan Kalra; Dipanshu Singhal; Abhinav Harlalka


Principaux clients

Trifecta Venture Debt Fund


Alteria Capital


Blacksoil India Credit Fund


Blacksoil Capital Private Limited


Innoven Capital India Fund


GMO-Z.com Payment Gateway India Credit


Vivifi India Finance Private Limited


RevX Capital


Nuvama Crossover Yield Opportunities Fund


Northern Arc India Impact Trust


Trifecta Venture Debt Fund


Principaux dossiers


  • Advised Vivifi India Finance Private Limited in issuing secured, unlisted, non-convertible debentures to two FPIs incorporated in the USA and registered with SEBI.
  • Advised Alteria Capital in subscribing to NCDs and CCPS issued by FPL Technologies Private Limited.

Dhaval Vussonji & Partners

With expertise in loan transactions, project financing, debt restructuring, and regulatory compliance, the banking and finance practice at Dhaval Vussonji & Partners is a popular choice for banks, financial institutions, borrowers, and lenders. Co-heading the practice are founding partner Dhaval Vussonji, managing partner Prachi Dave, and real estate specialist Manisha Paranjape. Vussonji brings a wealth of experience to the group ranging from corporate debt restructuring and EPC contracts to private equity investments and M&A transactions. Dave stands out for her experience advising banks and real estate conglomerates on structured finance and debt securities, while Paranjape is adept in handling acquisitions, funding, and loan transactions.

Responsables de la pratique:

Dhaval Vussonji; Prachi Dave; Manisha Paranjape


Principaux clients

RBL Bank-


SWAMIH Investment Fund I


Piramal Enterprises Limited


Piramal Capital and Housing Finance Limited


Indiabulls Infrastate Limited


Aditya Birla Real Credit Opportunities Fund


Principaux dossiers


  • Assisted RBL Bank with a loan to Ripley Prosperity Limited.
  • Assisted SWAMIH Investment Fund I with securing funding for the “Vanu Heights” project through the issuance of Non-Convertible Debentures.
  • Assisted Piramal Enterprises Limited in structuring a transaction.

Indialaw LLP

The banking and finance practice at Indialaw LLP stands out for specialising in lending, deal structuring, and debt financing, alongside project finance, real estate finance, and securitisation. The group is predominantly instructed by lenders and investors from the energy, power, and infrastructure sectors. Shiju P V, Shrishail Kittad, and Nim Dem Dorjee co-lead the team and bring extensive experience to the department. Kittad is adept in advising public and private banks on infrastructure and real estate projects, project finance transactions, and restructuring, while Dorjee concentrates on sole, multiple, and consortium lending for project, corporate, structured, and real estate finance matters.

Responsables de la pratique:

Shiju P. V.; Shrishail Kittad; Nim Dem Dorjee


Principaux clients

State Bank of India


Punjab National Bank


Canara Bank


Union Bank of India


Bank of Baroda


Indian Bank


Axis Bank


Axis Finance


L&T Realty


Hero Fincorp


Shriram Finance


Principaux dossiers


Dhir & Dhir Associates

Dhir & Dhir Associates is a popular choice for lenders, borrowers, banks, and financial institutions seeking support on banking and finance matters such as FDI investments, project finance, refinancing, and structured finance. With no formal practice heads, the main contacts in the group are Guranpreet Singh Sarna and Shikha Singh, both of whom specialise in projects and infrastructure, project finance, and capital market transactions.

Autres avocats clés:

Guranpreet Singh Sarna; Shikha Singh


Principaux clients

India Renewable Energy Development Agency Limited


Power Finance Corporation Limited


India Infradebt Limited


Tata Capital Limited


Saraswant Co-operative Bank Limited


O2 Power Group


ARKA Fincap Limited


Principaux dossiers


  • Advised O2 Power Group on availing financial assistance of INR 2509.8 Million from Aseem Infrastructure Finance Limited for the purpose of implementation of 58.05 MW power projects of various SPVs in the State of Maharashtra, under group captive model.
  • Advised India Infradebt Limited on the change of promoter of 4 group SPVs of Renew Solar Energy Private Limited to JLT Energy 9 SAS.
  • Advised Saraswat Co-Operative Bank Limited on the change of promoter of SPV of Renew Solar Energy Private Limited to JLT Energy 9 SAS.