IndusLaw
The banking and finance team at IndusLaw handles a wide range of cross-border matters related to structured finance, security creation, inter-creditor issues, debt restructuring, and the issuance of corporate debt. The team works with borrowers and lenders from multiple industries, with a particularly strong presence in the energy, infrastructure and natural resources sectors. Sushmita Gandhi regularly handles proceedings against some of the biggest debt defaulters in India, while Ashutosh Narang specialises in all forms of debt financings and restructuring transactions. The team was further strengthened by the arrival of Pritha Chatterjee, who has extensive experience in advising clients on syndicated loans, foreign currency financings, and debt investments.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- ‘IndusLaw team is excellent, good domain knowledge and delivery is quick, as per the timelines.’
- ‘Ashutosh Narang is a thorough advocate and takes a practical approach while negotiating documents. He believes in a quick turnaround.’
- ‘The team provides solutions under one umbrella, and briefing counsel attached to the firm are also important. Easier access through technology is the most important aspect.’
- ‘Easier accessibility and approachable at any point in time.’
Key clients
- GAIL (India) Limited
- DBS Bank
- J.C. Flower Asset Reconstruction Company Pvt. Ltd.
- YES Bank Limited
- Pune Solapur Expressways Private Limited
- MSTC Limited
- Axis Bank Limited
- ICICI Bank
- IndusInd Bank
- Asset Care and Reconstruction Ltd
- Citibank
- Asset Reconstruction Company (India) Limited
- Phoenix ARC Private Limited
- Edelweiss Asset Reconstruction Company Limited
- DMI Finance Private Limited
- L&T Finance
- HDFC Bank Limited
- Thrissur Expressway Limited
- TATA Realty and Infrastructure Limited
- KMC Infratech Limited
- RBL Bank Limited
- Certus Capital Private Limited
- Fishin’ India Private Limited and Yari Limited
Work highlights
- Advised GAIL (India) Limited, a Maharatna entity of the Government of India, on the issuance of Listed Rated Taxable NCDs of up to ₹1,575cr.
- Representing DBS Bank in a highly contentious litigation against Religare group of companies for $110m.
- Advised Pune Solapur Expressways Private Limited on taking over of the outstanding loan of ₹711cr from Kotak Mahindra Bank Limited and Union Bank of India, by a consortium of lenders comprising Central Bank of India and Bank of Maharashtra.
Practice head
The lawyer(s) leading their teams.
Gaurav Dani, Sushmita Gandhi, Ashutosh Narang, Padmaja Kaul, Shabbeer Ahmed, Apurbalal Malik, Pritha Chatterjee