This is a giant sector that encompasses banks, financial institutions and all other possible financing transactions in every industry. Ours is a bank dominated financial sector and commercial banks account for over 60 per cent of the total assets of the financial system followed by the Insurance. Enactment of the RBI Act 1935 gave birth to scheduled banks in India, and some of these banks had already been established around 1981. Our expertise in Banking and Finance covers acquisition & leverage finance, structured finance, global loans, restructuring, external commercial borrowings, SARFEASI (Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest ) as per the Act of the same name enforced in 2002 which deals with any kind of secured loan where the banks have the right to seize or auction the secured assets in case the loan is not repaid and becomes a Non-Performing Asset and various regulatory issues pertaining to the area. These cases do not require a Court’s intervention. Hence, such a procedure of auction or seizure or any other related matter is dealt with in the Debt Recovery Tribunal (DRT) as mentioned in the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. Our practice is involved in some of the largest and complex transactions, requiring exhaustive knowledge of the Indian finance market and its legal framework; our counsels are also involved in a large number of cross-border financing transactions and on account of that have developed a deep understanding of international regulations, industries and legal & finance techniques. Our interaction with the Reserve Bank of India (India’s Central Bank and responsible for regulating various financial intermediaries including bank and NBFCs), the Indian Bank association and various other participants in the Indian banking and finance space has provided us with knowledge and understanding of regulatory issues and expectations enabling us to address client requirements within the contours of an evolving regulatory framework. This enabled us to excel in an industry which is witnessing a steady increase the number of transactions involving complex structures and innovation. We also function on a wide range where we not only advise with regards to banking transactions, but also address the requirements of the clients in future concerned with any present transaction.

Our Banking and Finance practice is headed by Dr. Farrukh Khan having immense knowledge of key legislations that administer the banking sectors includes Reserve Bank of India Act, 1934, Negotiable instruments Act, 1881, Bankers Books Evidence Act, 1891, Payment and Settlement Systems Act, 2007, Recovery of Debts due to Banks and Financial Institutions Act 1993, foreign Exchange Management Act (FEMA), Prevention of Money Laundering Act, 2002 etc. In addition, the RBI releases notifications and circulars from time to time, governing various aspects of the functioning sector. They are assisted by a team of associates in New Delhi and Chandigarh.

Our highly qualified and experienced lawyers explore a broad array of legal issues throughout the implementation process of a project, including the establishment of project companies, structuring of  the finance, the creation of security, environmental protection, EPC contracts, insurance, land use rights issues, preferential tax policies, foreign exchange controls, relevant approvals,  registrations, and other compliances including regular  coordination with relevant government authorities, etc.

Our lawyers are not only knowledgeable about the principles and application of project finance but also they have a deep understanding of  the key roles of Pvt. Sector Partner/Owner, Project Sponsor, Lenders, Equity Investors, Suppliers, Contractors and Customers, Multilateral Credit Agencies, Purchasers, Insurers etc.  We have been involved in structuring, negotiating  and documenting  the full array of project and financing agreements to suit each client’s requirements and expectations.

Our Project Finance Advisers have been previously involved in advising the Planning Commission (Government of India) as Legal Consultant on the preparation of model documents for various sectors, including airports, railway stations, transmission (electricity) and procurement-cum-maintenance of locomotives, which puts it in a unique position to leverage the expertise of its lawyers in regulatory frameworks evolved by the Government of India through model PPP documentation.

Our team has extensive experience in drafting and negotiation of project documentation, including concessionaire  agreements, O&M contracts, shareholders agreements, state support agreements, engineering, procurement and construction contracts, and in relation to others matters, such as conducting due diligence and advising on regulatory compliances and approvals. In this area, we have served clients both from India and outside.

This is a giant sector that encompasses banks, financial institutions and all other possible financing transactions in every industry. Ours is a bank dominated financial sector and commercial banks account for over 60 per cent of the total assets of the financial system followed by the Insurance. Enactment of the RBI Act 1935 gave birth to scheduled banks in India, and some of these banks had already been established around 1981. Our expertise in Banking and Finance covers acquisition & leverage finance, structured finance, global loans, restructuring, external commercial borrowings, SARFEASI (Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest ) as per the Act of the same name enforced in 2002 which deals with any kind of secured loan where the banks have the right to seize or auction the secured assets in case the loan is not repaid and becomes a Non-Performing Asset and various regulatory issues pertaining to the area. These cases do not require a Court’s intervention. Hence, such a procedure of auction or seizure or any other related matter is dealt with in the Debt Recovery Tribunal (DRT) as mentioned in the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. Our practice is involved in some of the largest and complex transactions, requiring exhaustive knowledge of the Indian finance market and its legal framework; our counsels are also involved in a large number of cross-border financing transactions and on account of that have developed a deep understanding of international regulations, industries and legal & finance techniques. Our interaction with the Reserve Bank of India (India’s Central Bank and responsible for regulating various financial intermediaries including bank and NBFCs), the Indian Bank association and various other participants in the Indian banking and finance space has provided us with knowledge and understanding of regulatory issues and expectations enabling us to address client requirements within the contours of an evolving regulatory framework. This enabled us to excel in an industry which is witnessing a steady increase the number of transactions involving complex structures and innovation. We also function on a wide range where we not only advise with regards to banking transactions, but also address the requirements of the clients in future concerned with any present transaction.

Our Banking and Finance practice is headed by Dr. Farrukh Khan having immense knowledge of key legislations that administer the banking sectors includes Reserve Bank of India Act, 1934, Negotiable instruments Act, 1881, Bankers Books Evidence Act, 1891, Payment and Settlement Systems Act, 2007, Recovery of Debts due to Banks and Financial Institutions Act 1993, foreign Exchange Management Act (FEMA), Prevention of Money Laundering Act, 2002 etc. In addition, the RBI releases notifications and circulars from time to time, governing various aspects of the functioning sector. They are assisted by a team of associates in New Delhi and Chandigarh.

Our highly qualified and experienced lawyers explore a broad array of legal issues throughout the implementation process of a project, including the establishment of project companies, structuring of  the finance, the creation of security, environmental protection, EPC contracts, insurance, land use rights issues, preferential tax policies, foreign exchange controls, relevant approvals,  registrations, and other compliances including regular  coordination with relevant government authorities, etc.

Our lawyers are not only knowledgeable about the principles and application of project finance but also they have a deep understanding of  the key roles of Pvt. Sector Partner/Owner, Project Sponsor, Lenders, Equity Investors, Suppliers, Contractors and Customers, Multilateral Credit Agencies, Purchasers, Insurers etc.  We have been involved in structuring, negotiating  and documenting  the full array of project and financing agreements to suit each client’s requirements and expectations.

Our Project Finance Advisers have been previously involved in advising the Planning Commission (Government of India) as Legal Consultant on the preparation of model documents for various sectors, including airports, railway stations, transmission (electricity) and procurement-cum-maintenance of locomotives, which puts it in a unique position to leverage the expertise of its lawyers in regulatory frameworks evolved by the Government of India through model PPP documentation.

Our team has extensive experience in drafting and negotiation of project documentation, including concessionaire  agreements, O&M contracts, shareholders agreements, state support agreements, engineering, procurement and construction contracts, and in relation to others matters, such as conducting due diligence and advising on regulatory compliances and approvals. In this area, we have served clients both from India and outside.