The firm offered legal advice as the Lenders’ Legal Counsel to the consortium of lenders led by L&T Infra Debt Fund Limited for the financial assistance of approximately INR 1439 million sanctioned by the Lenders in form of term loan facility to the group companies of Rays Power Infra Private Limited, for the purposes of refinancing the outstanding project debt of those companies in relation to their respective solar power projects in the States of Telangana, Uttrakhand and Karnataka and for meeting other expenses related to transaction/financing. Further, the firm has also assisted L&T Infrastructure Finance Company Limited as their legal counsel for the financial assistance of INR 12.71 Crores sanctioned to the group companies of Rays Power Infra Private Limited in the form of working capital demand loan facility for their respective solar power projects. The scope of work included conducting due diligence of the Borrower, its promoters and project documents, drafting of the financing and security documents, advising on the title verification pertaining to the project land and issuing an opinion on the legal issues. Girish Rawat, Partner led the Firm’s banking and project finance team on the above transaction. The other team members included Sakshi Puliani, Associate Partner and Varun Chauhan, Senior Associate.