The Firm recently acted as Lenders’ Legal Counsel for NIIF Infrastructure Finance Limited in relation to the financial assistance aggregating up to INR 246.48 crores. The transaction involved part-refinancing of 3 separate solar power projects set up in state of Karnataka under 3 project SPVs, promoted by O2 Power.
As Lenders’ Legal Counsel, the team at L&L Partners was involved in drafting, reviewing, negotiating, advising on legal issues/queries relating to the facility, finalisation and execution of the financing and security documents. The Firm was also involved in conducting due diligence exercise on the project documents, reviewing and suggesting amendments to the articles of association of the project SPVs.
The L&L team comprised of:
Partner – Mr. Karan Mitroo
Associates – Ms. Surbhi Jain and Mr. Aditya Bhayal.