The firm has advised as the Lenders’ Legal Counsel, to the consortium of lenders led by L&T Infrastructure Finance Company Limited (‘Lenders’) for the financial assistance of approximately INR 9,840 Million sanctioned by the lenders in the form of term loan facility to the group companies of ACME Solar Holdings Limited, for the purposes of refinancing the outstanding debt of those companies in relation to their respective solar power projects in the State of Andhra Pradesh for their collective capacity of 160 MW and for meeting other expenses related to transaction/financing.

Girish Rawat, Partner led the firm’s banking and project finance team on the above transaction. The other team members included Varun Chauhan, Senior Associate and Ashneet Chhabra, Associate. The scope of work included conducting due diligence on the borrower companies, their promoters, and the project documents, reviewing the title search reports of the project land prepared by the local counsels appointed on this behalf, issuing an opinion on the legal issues, drafting of the financing and security documents.