LEGAL & PROJECT FINANCE CONSULTANCY
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Lenders' Legal Counsel (LLC)
We have advised top-tier lenders in accordance with Concession Agreements entered into by Special Purpose Vehicles (SPVs) with the National Highway Authority of India (NHAI). Our portfolio includes some of the largest road projects in Uttar Pradesh for PNC Infratech Limited, with total values exceeding INR 4,000 Crores.
Pre-Sanction Diligence
Ensuring compliance with NHAI
regulations, right-of-way, and
environmental clearances.
Financing Docs
Drafting Escrow, Substitution, Loan, and Security agreements to ensure fund flow integrity.
Security Creation
Managing promoter share pledges and asset hypothecation deeds against term loans.
Compliance Review
Vetting corporate resolutions and sanction letter acceptances for consortium lenders.
Understanding NHAI's Contract Models
Our legal expertise spans across various execution models used in India's infrastructure development.
EPC
Government funds 100%. Contractor responsible for design & build.
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Legal Due Diligence
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Concession Monitoring
BOT
Private company finances, builds + maintains. Variants: Toll or Annuity.
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Legal Due Diligence
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Concession Monitoring
HAM
Hybrid Annuity Model: 40% Govt paid, 60% private debt/equity.
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Legal Due Diligence
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Concession Monitoring
TOT
Toll, Operate, Transfer: For operational brownfield highways.
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Legal Due Diligence
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Concession Monitoring
Key Transactions
A comprehensive track record of strategic legal advisory across India's premier infrastructure and industrial developments.
Kanpur Lucknow Expressway Private
Limited
Lender Counsel Axis Bank Limited
Total Value INR 779.75 Crores
Upgradation from six lanes to eight lanes under
Bharatmala Pariyojana on a DBOT basis.
Akkalkot Highways Private Limited
Lender Counsel Punjab National Bank
Total Value INR 811.50 Crores
Construction, development, and management of a six-lane access-controlled Greenfield Highway
(km 26 to 97).
Hathras Highway Private Limited
Lender Counsel Central Bank of India
Total Value INR 402.03 Crores
​DBOM basis of a four-lane NH-530B highway from Gaju Village to Devinagar Bypass.
Yamuna Highways Private Limited
Lender Counsel Indian Bank
Total Value INR 472.25 Crores
Construction and management of the four-laning of NH-530B from Mathura Bypass to Gaju Village.
VM7 Expressway Private Limited
Lender Counsel Union Bank of India
Total Value INR 747.00 Crores
Greenfield eight lane access controlled Expressway (Gandeva to Ena Section) under Bharatmala Pariyojana.
MSEDCL Refinancing
Lender Counsel Canara Bank / REC Limited Bank
Total Value INR 11028.55 Crores
Assisted in acquiring liabilities (1,994.05 Cr) and managing consortium-led working capital (9,034.50 Cr).
WAA Solar Limited
Lender Counsel State Bank of India
Total Value INR 184.20 Crores
Grid connected 47.5 MWAC solar power plant under Component C - PM KUSUM Scheme across 14 locations in Gujarat.
Taper Solar Energy Private Limited
Lender Counsel Saraswat Co-operative Bank
Total Value INR 13.84 Crores
Installation and operation of a Solar Photovoltaic grid interactive power plant (4.98 MW DC) in Surendranagar, Gujarat.
Line of Credit Transaction
Lender Counsel PNB (to Federal Bank)
Total Value INR 150.00 Crores
Drafted Agreement for Line of Credit for availing of facilities by Federal Bank Limited from Punjab National Bank.
Awadh Expressway Private Limite
Lender Counsel Axis Bank Limited
Total Value INR 776.85 Crores
Upgradation from six lanes to eight lanes under
Bharatmala Pariyojana on a DBOT basis.
Hardoi Highways Private Limited
Lender Counsel Bank of Baroda
Total Value INR 443.00 Crores
Improvement and upgradation of existing road to a four-lane paved shoulder highway (End of Hardoi Bypass to Hardoi District).
Sonauli Gorakhpur Highways Private Limited
Lender Counsel Indian Bank
Total Value INR 757.00 Crores
Four-laning of Sonauli-Gorakhpur section of NH-29E under Hybrid Annuity Mode (HAM).
SPL ECR Highways Private Limited
Lender Counsel Canara Bank
Total Value INR 278.33 Crores
Four laning of Mugayur to Marakkanam section of NH-332A (Package-II of Mahabalipuram – Puducherry section) (km 26 to 97).
JSW Greentech Limited (JSW Group)
Lender Counsel Canara Bank
Total Value INR 1487.52 Crores
Integrated manufacturing plant for commercial electric vehicles (10,000 e-buses, 5,000 e-trucks) at Chhatrapati Sambhajinagar.
Dharni Sugar Mills Private Limited
Lender Counsel Canara Bank
Total Value INR 46.00 Crores
Greenfield project for setting up a sugar mill with a capacity of 2000 Tons of Cane Per Day (TCD).
Karnikripa Power Private Limited
Lender Counsel Canara Bank
Total Value INR 381.02 Crores
Setting up of Induction Furnace (2,97,000 TPA) and 50 MW Captive Power Plant (WHRB) in Chhattisgarh.
Mazagon Dock Shipbuilders Limited
Lender Counsel SBI (Lead Bank)
Total Value INR 2500.00 Crores
Working capital facilities for construction of warships and submarines for the Indian Navy and overseas customers.
GR Integrated Steel Private Limited
Lender Counsel Canara Bank / HDFC Bank
Total Value INR 212.56 Crores
Iron Ore Beneficiation (0.85M MTPA) and Pellet Plant (0.60M MTPA) in Bemetara, Chhattisgarh.
Switch Mobility Automotive Limited
Lender Counsel Canara Bank
Total Value INR 1190.00 Crores
Financing 5,690 electric buses under the National E-Bus Program (NEBP) – Phase 1 (Hinduja Group / Ashok Leyland).
Suyash Biofuels Industries Private Limited
Lender Counsel Canara Bank
Total Value INR 170.00 Crores
Grain-based ethanol plant (180 KLPD) and 4 MW captive power generation plant in Chhattisgarh.
Deepak Chem Tech Limited
Lender Counsel Indian Bank / BoB / BoI
Total Value INR 1202.00 Crores
Greenfield facilities for manufacturing chemical intermediaries (BTC, BTF, CNA, etc.) in Dahej and Nandesari, Gujarat.
Advisory Partners & Lenders
