3 January 2024 | New Delhi: Shardul Amarchand Mangaldas advised the erstwhile Committee of Creditors (CoC) of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL) and its lender members in the Implementation and Monitoring Committee, in relation to the implementation of the resolution plan of National Asset Reconstruction Company Limited (NARCL) under the Insolvency and Bankruptcy Code, 2016. The total value of the approved resolution plan was INR 14,867.50 crores and the date of signing the deal was 08 December 2023.

The transaction team was led by Mr. Anoop Rawat, Equity Partner; Mr. Saurav Panda, Partner; Ms. Arushi Asheesh Chandra, Senior Associate; Ms. Rashi Sharma, Associate; Mr. Ahkam Khan, Associate and Ms. Rachna Dubey, Associate, along with Mr. Rohan Jain, Partner; Mr. Kshitij Arora, Principal Associate and Ms. Shruti Jaju, Associate who advised on certain corporate related aspects.

Mr. Rajneesh Sharma is the RBI appointed erstwhile Administrator of SIFL and SEFL.

SBICAP Capital Markets were the Process advisors of CoC.

Ernst & Young and AZB & Partners were the Process Advisors & Legal Advisors to the Administrator, respectively.

Cyril Amarchand Mangaldas advised NARCL on the legal aspect.

About Shardul Amarchand Mangaldas & Co:

Shardul Amarchand Mangaldas & Co., founded on a century of legal achievements, is one of India’s leading full-service law firms. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration. SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, international commercial arbitration, capital markets, banking & finance, tax, intellectual property, data protection and data privacy, technology law and projects & infrastructure.

The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 822 lawyers including 166 Partners, offering legal services through its offices in New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.