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Dhir & Dhir Associates Acts as Lenders’ Legal Counsel to Power Finance Corporation Limited

Dhir & Dhir Associates Acts as Lenders’ Legal Counsel to Power Finance Corporation Limited

The Firm is acting as the Lenders’ Legal Counsel to Power Finance Corporation Limited for the financial assistance of upto INR 562.70 Million to Jyoti Solar Solutions Private Limited, for the purposes of setting up of the 10 MWAc (12.5 MWp) solar power project at Ganjaudar Village, Patnagarh Town, Balangir District in the State of Odisha. Girish Rawat, Partner led the Firm’s banking and project finance team on the above transaction. The other team members included Sakshi Puliani, Senior Associate and Varun Chauhan, Associate. The scope of work included conducting due diligence of the borrower, its promoters and project documents, drafting of the financing and security documents, conducting title verification exercise pertaining to the land admeasuring approximately 52 Acres situated at Ganjaudar Village, Patnagarh Town, Balangir District in the State of Odisha and issuing opinion on the legal issues.

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