Dhir & Dhir Associates has acted as the Lenders’ Legal Counsel to India Infradebt Limited, for the financial assistance of up to INR 6150.00 Million as rupee term loan to the 3 (three) SPVs of the Atria group, for the purposes of repayment of the exiting project indebtedness of the respective SPVs and investment in wind/ solar power projects being setup in the Atria group. The transaction involved a co-obligor structure wherein each SPV has undertaken to provide support to each other in case of any shortfall in the debt servicing of the lender(s) of any SPV.

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 companies, its promoters and respective project documents, drafting of the financing and security documents, reviewing title search report of the local counsel(s) and issuing opinion on the legal issues.