CAM on 13-10-2025 through separate deal teams on a Chinese wall basis, acted as counsel for Cerberus Capital Management (“Cerberus”) and International Finance Corporation (“IFC“) (Cerberus and IFC, together, the “Clients“) in relation to their subscription to 16,000 unlisted, senior, secured, unrated, redeemable, non-convertible debentures (“Debentures“) issued by KRPV Fire Fite Private Limited (“Issuer“), for an amount aggregating to INR 1600,00,00,000. The Debentures have been issued in 2 (two) series, with Cerberus (along with co-investors) subscribing to 13,000 Series 1 Debentures aggregating to INR 1300,00,00,000, and IFC subscribing to 3,000 Series 2 Debentures aggregating to INR 300,00,00,000. The proceeds of the Debentures were utilized for inter alia implementation of the resolution plan submitted by Independent Sugar Corporation Limited, a Bermuda incorporated entity in respect of Hindusthan National Glass & Industries Limited (“HNG”) and working capital and capital expenditure requirements of HNG
The CAM Financing Team advising Cerberus comprised of Subhalakshmi Naskar, Partner (Co-Head – Projects (Infrastructure)); Hariharan Kumar, Partner; with assistance from Diptiman Mohapatra, Principal Associate; Rohil Deshpande, Senior Associate; Rishav Kashyap, Associate; and Aniket Nighojkar, Associate.
The CAM Financing Team advising IFC comprised of Pranav Sharma, Partner; Uday Khare, Partner; with assistance from Angira Chakraborty, Principal Associate; Divisha Jindal, Senior Associate; Aditya Saraswat, Senior Associate; Sanjna Mehrotra, Associate.
The CAM Insolvency Team advising Cerberus comprised of Dhananjay Kumar, Partner (Head- Insolvency & Restructuring); Surbhi Pareek, Partner; with support from Neha Shivhare, Principal Associate; Aditya Pandey, Associate; Vinesh Chaudhary, Associate; Tara Ranade, Associate; Mansi Verma, Associate.
The CAM Insolvency Team advising IFC comprised of Uday Khare, Partner; with support from Divisha Jindal, Senior Associate; Sanjna Mehrotra, Associate.
The CAM Corporate Team advising IFC comprised of Ravindra Bandhakavi, Senior Partner; Srabanee Ghosh, Partner; Radhika Shukla, Senior Associate; Ketan Jain, Associate; Rhea Prasad, Associate.
The CAM Competition Team advising IFC comprised of Dhruv Rajain, Partner; with assistance from Ananya Mahant, Senior Associate.