• This is a giant sector that encompasses banks, financial institutions and all other possible financing transactions in every industry. Enactment of the RBI Act 1935 gave birth to scheduled banks in India, and some of these banks had already been established around 1981. Our expertise in Banking and Finance covers acquisition, global loans, restructuring, SARFEASI (Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest ) as per the Act of the same name enforced in 2002 which deals with any kind of secured loan where the banks have the right to seize or auction the secured assets in case the loan is not repaid and becomes a Non-Performing Asset and various regulatory issues pertaining to the area. These cases do not require a Court’s intervention. Hence, such a procedure of auction or seizure or any other related matter is dealt with in the Debt Recovery Tribunal (DRT) as mentioned in the Recovery of Debts Due to Banks and Financial Institutions Act, 1993.
• We have been practicing in some of the largest and complex transactions, requiring exhaustive knowledge of the Indian finance market and its legal framework and our counsels are also involved in a large number of cross-border financing transactions, due to which we have developed a deep understanding of industries and legal & finance techniques.
• We don’t just advise you with regards to banking transactions, but build a long term relationship where we address your requirements in the future concerned with any present transaction.
• Our Banking and Finance team having immense knowledge of key legislations that administer the banking sectors including Reserve Bank of India Act, 1934, Negotiable instruments Act, 1881, Bankers Books Evidence Act, 1891, Payment and Settlement Systems Act, 2007, Recovery of Debts due to Banks and Financial Institutions Act 1993, foreign Exchange Management Act (FEMA), and Prevention of Money Laundering Act, 2002 etc.
• Our team has extensive experience in drafting and negotiation of project documentation, including concessionaire agreements, O&M contracts, shareholders agreements, state support agreements and construction contracts, and in relation to other matters, such as conducting due diligence and advising on regulatory compliances and approvals. In this area, we have served clients.