PRESS RELEASE
13 June 2022

Dhir & Dhir Associates Advises New Lenders (REC And IREDA) On Suzlon Group’s Refinancing Of Existing Facilities (SBI Led Consortium)

DD
Dhir & Dhir Associates

Contributor

Dhir & Dhir Associates, founded in 1993, is a full-service law firm with offices in New Delhi and Mumbai. The firm works closely with clients and partners across India, offering legal expertise across diverse sectors. Key practice areas include Restructuring & Insolvency, Corporate/M&A, Real Estate, Banking & Finance, Litigation & Arbitration, Capital Markets, AI & Tech Governance, TMT, Infrastructure & Energy, White Collar Crime, ESG, Labour & Employment, and more. Its clients span business houses, MNCs, banks, PSUs, NGOs, and government bodies. Dhir & Dhir has been recognized for excellence in Restructuring & Insolvency, Dispute Resolution, Banking & Finance, Capital Markets, TMT, Environment, and Private Equity by leading publications like Chambers & Partners, Legal 500, IFLR1000, India Business Law Journal, Benchmark Litigation, and more.
Dhir & Dhir Associates have advised the Lenders, REC Limited and IREDA, on the sanction and disbursement of term loan of approx..INR4,053 Crore to Suzlon Energy Limited and its Subsidiaries.
India

Dhir & Dhir Associates have advised the Lenders, REC Limited and IREDA, on the sanction and disbursement of term loan of approx..INR4,053 Crore to Suzlon Energy Limited and its Subsidiaries. With the disbursement of the said facility, REC Limited and IREDA Limited have substituted a consortium of sixteen lenders (led by State Bank of India).

The firm, in its role as the Lenders' Legal Counsel, carried out legal due diligence of the Borrower Group, drafted and negotiated the financing and security documents, and has also provided legal advice on crucial matters pertaining to the transaction.

The core team at Dhir & Dhir Associates, representing the New Lenders, comprised of Purusharth Singh (Partner), Humera Niyazi (Senior Associate), Nikhil Gupta (Associate), Anurag Mawai (Associate) and Raman Choudhry (Associate). The Borrower Group was led by their General Counsel Anoop Khatry who negotiated the transaction documents for closure.

Contributor

Dhir & Dhir Associates, founded in 1993, is a full-service law firm with offices in New Delhi and Mumbai. The firm works closely with clients and partners across India, offering legal expertise across diverse sectors. Key practice areas include Restructuring & Insolvency, Corporate/M&A, Real Estate, Banking & Finance, Litigation & Arbitration, Capital Markets, AI & Tech Governance, TMT, Infrastructure & Energy, White Collar Crime, ESG, Labour & Employment, and more. Its clients span business houses, MNCs, banks, PSUs, NGOs, and government bodies. Dhir & Dhir has been recognized for excellence in Restructuring & Insolvency, Dispute Resolution, Banking & Finance, Capital Markets, TMT, Environment, and Private Equity by leading publications like Chambers & Partners, Legal 500, IFLR1000, India Business Law Journal, Benchmark Litigation, and more.

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