Banking & Finance
Asia-Pacific Guide 2025 : India
Band 3
Contact number
+91 (22) 4405 0600About
Provided by Saraf and Partners
Introduction
Saraf and Partners' banking & finance team has advised on some of the largest and most complex financing transactions in India and globally for banks and financial institutions. Their team has also advised lenders on some of the largest debt restructurings alongside having deep experience in securitization and stressed asset management transactions.
The Firm appointed Mr. Chandan Sinha, former Executive Director of Reserve Bank of India and Mr. Sunil Srivastav, former Deputy Managing Director of State Bank of India as Advisors in relation to the Foreign Exchange Regulations, payment & settlement system and Financial market regulations which further strengthen it's practice.
Recent Work
- Advised Federal Bank Limited and IDBI Trusteeship Services Limited in relation to the issue of eligible Tier 2 capital in compliance of RBI Guidelines plus green shoe option in compliance of Basel III Guidelines in the nature of rated, fully paid, taxable, redeemable, subordinated, unsecured, non-convertible debentures at par aggregating to Rs. 700 Crores in total.
- Syndicated Term Loan facility of Rs.10,000 crore to Vedanta Limited.
- Advised SBI and SBICaps in relation to syndicated facilities of over Rs. 9,500 Crores to construct coal gasification-based urea manufacturing complex at existing site of Fertilizer Corporation of India Limited in Talcher, Odisha.
- Advised on enforceability opinion for LIC Housing Finance Limited in issuance of Tier II bonds for raising funds by LIC Housing.
Chambers Review
Lawyers at Saraf and Partners are well-versed in a range of banking and finance matters in India. The firm regularly assists banks and corporates with project finance matters, particularly in the renewable energy space. The team has strong expertise in restructuring and insolvency issues, as well as matters in the real estate sector. The firm has offices in Mumbai, Delhi and Bengaluru.
Work Highlights
- Saraf and Partners advised a consortium of lenders, led by the State Bank of India, on the consolidation of the term loan facilities, working capital facilities and external commercial borrowing facilities availed by the six subsidiaries of Adani Power, merged into Adani Power under an order of the National Company Law Tribunal.
Notable Practitioners
Abir Lal Dey is valued by clients for his experience in the sector, with a notable track record handling projects, real estate and distressed financing. He advises public and private sector banks as well as borrowers.
"Abir is very receptive, attuned to the needs of clients and experienced in financing. That experience shows in his work."
"He is very level-headed and a very good lawyer."
"Abir Lal Dey is a very client-friendly and client-centric lawyer. What differentiates him from others is his ability to precisely understand client requirements and deliver to them."
Ranked Lawyers at
Saraf and Partners
India
Members
Provided by Saraf and Partners
Abir Lal Dey
Head of Department
Head of Department
Priyamvada Haridas
Rohit Raghavan
Satadru Goswami
Industries
Provided by Saraf and Partners
Banking
Construction
Energy
Infrastructure
Projects
finance