Dhir & Dhir Associates has acted as legal advisors to IndusInd Bank Limited in the matter of financial assistance of up to INR 2076.00 Million (including nonfund- based facility limits) sanctioned to TP Luminaire Private Limited, a wholly owned subsidiary of the Tata Projects Limited, for the purpose of part financing the project cost of replacement of the existing street lights with the energy efficient LED street lights in: (i) NOIDA in the state of Uttar Pradesh; (ii) Ludhiana in the State of Punjab; and (iii) Nashik in the State of Maharashtra; installation of control systems along with the operation and maintenance of the same (collectively as “Projects”).

The team included Girish Rawat, Partner, Varun Chauhan, Senior Associate and Ashneet Chhabra, Associate. The scope of work included conducting limited corporate due diligence of the borrower company, review of the various project documents in relation to the projects, drafting of the resolutions and certificates as per pre-commitment conditions of the sanction letter of the lender, drafting of the financing and security documents and issuing opinion on the legal issues.