Shardul Amarchand Mangaldas advises the committee of creditors and monitoring committee of Jhabua Power Limited formed for the purpose of implementation of resolution plan

December 6, 2022

Shardul Amarchand Mangaldas advised the committee of creditors and the monitoring committee of Jhabua Power Limited, formed pursuant to the approved resolution plan. The date of closing the deal was 05 September, 2022. The aggregate debt amount due to financial creditors was approximately INR 5,066.90 crore and resolution amount was approximately INR 1,850 crore.

The transaction was led by Anoop Rawat, Partner with Sagar Dhawan, Partner; Vimal Asthana and Samidha Mathur, Associate.

The Litigation support was given by Misha, Partner; Vaijayant Paliwal, Partner; Nikhil Mathur, Senior Associate and Prabh Simran Kaur, Associate.

The Corporate Compliance team was led by Rohan Jain, Partner and Kshitij Arora, Senior Associate;

Trilegal and AZB & Partners acted as the adviser to NTPC Limited, the Resolution Applicant and Resolution Professional/ Monitoring Agent respectively.