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JSA Advised Neo Asset Management on Bespoke Private Credit Turnaround Financing to Santladevi Resorts

Deal
April 30, 2026

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JSA advised Neo Asset Management Private Limited and funds managed by it on a bespoke turnaround financing to Santladevi Resorts Private Limited, the operator of a 5-star hotel in Dehradun.

The transaction was structured through issuance of secured non-convertible debentures listed on BSE Limited.

The JSA team was led by Utsav Johri, Partner, with support from Abhishek Ray, Partner; Harshil Shubham, Principal Associate and Zahan Kalyaniwalla, Senior Associate.

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Tags BSE listing, Dehradun hotel, Hospitality Sector, hotel financing, India private debt, JSA Advocates & Solicitors, legal advisors India, NCD issuance, Neo Asset Management, Non Convertible Debentures, Private Credit, Santladevi Resorts, secured debentures, Structured Finance, turnaround financing

Abhishek Ray Partner

Abhishek is a Partner specializing in Banking & Finance and Fintech. He combines deep expertise in structured finance, project finance, and financial regulatory matters with a unique, business-focused perspective from his prior role as Head of Legal and Compliance at ePayLater, a fintech company. He also advises on fintech product structuring, regulatory compliance, and PE investments.

Utsav Johri Partner

Utsav Johri is a Partner specialising in debt finance with a strong focus on private credit, structured finance, leveraged finance, and cross‑border transactions. He advises leading domestic and international funds, financial institutions, and corporates on high‑value, complex financing structures across India and global markets.