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Some of the key assignments in these areas handled and being handled by Sumitava amongst others, cover the following:-

Financing Transactions

• Advised Banyan Tree Growth Capital LLC on its short term investment in the form of non-convertible debentures in a private company in the healthcare segment;
• Advised Banyan Tree Growth Capital LLC in relation to investment in a steel manufacturing company through compulsorily convertible preference shares and equity shares;
• Advised L&T Finance Limited in relation to its issue of listed NCDs.
• Advised on the issuance of unrated, unlisted secured redeemable nonconvertible debentures on a private placement basis by an issuer, which is a core investment company registered with the Reserve Bank of India, and is part of a large Indian seeds company, aggregating to Rs. 4.5 billion for the purpose of refinancing its existing debts.
• Advised JSW Steel Limited in relation to certain fund and non-fund based facilities to the tune of Rs. 35 billion made available to Milloret Steel Limited by IndusInd Bank Limited.
• Advised Barclays Bank PLC on a Rs. 4.2 billion multi-option facility to be extended by it to NSL Tidong Power Generation Private Limited.
• Advised in relation to the issuance of unrated, and unlisted secured redeemable NCDs on a private placement basis by Wockhardt Limited.
• Advised JM Financial Credit Solutions Limited in relation to the structuring of its debt extended to the Shrachi Group.
• Advised Eight Capital in relation to structuring and acquisition of nonperforming assets from various Indian banks.

Insolvency Experience

• Acted for Deutsche Bank before the Supreme Court with regard to the corporate insolvency resolution process of Essar Steel (India) Limited.
• Advised various ECB lenders of one of the India’s leading telecommunication infrastructure companies in relation to the corporate insolvency resolution process of the company before the National Company Law Tribunal, Mumbai.
• Advised the JSW Group and a leading global private equity fund in relation to its bid for acquisition of Monnet Ispat & Energy Limited.
• Advised the committee of creditors constituted in relation to the corporate insolvency resolution process of Sevenhills Hospital.
• Advised Deep Industries Limited on its resolution plan for Dolphin Offshore Enterprises (India) Limited.
• Advised Adani Group in its role as a resolution applicant for Dewan Housing Finance Corporation Limited.
• Advised Cargill Financial Services International Inc., an American privately held global corporation in its structured recovery of monies due from an Indian company engaged in the supply of agricultural products.