Dhir & Dhir Associates as the legal advisor to PTC India Financial Services Limited for the due diligence exercise of DBL Bellary Byrapura Highways Private Limited and Dilip Buildcon Limited and the documentation pertaining to financial assistance of upto INR 4719 Million (including a sub-limit of, a letter of credit/ counter guarantee of up to INR 1445.3 Million) sanctioned to DBL Bellary Byrapura Highways Private Limited and financial assistance of upto Rs. 657.0 Million for issuance of performance guarantee to Dilip Buildcon Limited with respect to four laning of existing two-lane Ballari – Byrapura section of NH-150A from km 253.600 to km 308.550 in the State of Karnataka and Andhra Pradesh under Bharatmala Pariyojana on Hybrid Annuity Mode (54.950 km).

The team was led by Girish Rawat, Partner and assisted by Guranpreet Singh Sarna, Associate Partner, and Srivar Awasthi, Senior Associate. The scope of work included conducting due diligence of the borrower, its promoter, project documents, drafting of the financing and security documents, conducting title verification exercise pertaining to the project sites in the State of Rajasthan and issuing an opinion on the legal issues..