CAM acted as the borrower’s legal counsel for Indrajit Power Private Limited (“Borrower”) in relation to availing a rupee term loan facility for an aggregate principal amount of INR 140,00,00,000 (Indian Rupee One Hundred and Forty Crores Only) (“Facility”) from CSB Bank Limited (“Lender”) for the purposes of, inter alia, repayment of part of its existing indebtedness pursuant to the corporate insolvency resolution of the Borrower as a going concern (“CIRP Process”).
CAM also advised on and drafted a power purchase agreement to be entered into between the Borrower and Evonith Value Steel Limited and Evonith Metallics Limited (as the Sponsors).
The transaction team was led by Amey Pathak, Partner (Head – Banking); and Surya Sreenivasan, Partner; with assistance from Kabir Manchanda, Principal Associate; Sneha Sharma, Senior Associate; and Smruti Bhutada, Associate
