Dhir & Dhir Associates has acted as legal advisor to IndusInd Bank Limited for the due diligence and documentation pertaining to financial assistance (including fund based and non-fund based assistance) of up to INR 1510.00 Million sanctioned to Kanpur River Management Private Limited (a wholly-owned subsidiary of Shapoorji Pallonji And Company Private Limited) for the purpose of designing, building, financing and/or renovating, completing, constructing, operating and maintaining 7 (seven) sewage treatment infrastructure plants and associated infrastructure of these plants/projects at various locations near Kanpur, in the State of Uttar Pradesh. The Project is being constructed and/or operated through hybrid annuity-based PPP model under the National Mission for Clean Ganga.

The team included Girish Rawat, Partner, Varun Chauhan, Senior Associate, and Ashneet Chhabra, Associate. The scope of work included conducting due diligence of the borrower company, drafting of the resolutions and certificates as per precommitment conditions of the sanction letter, drafting of the financing and security documents and issuing opinion on the legal issues.