His experience includes advising on matters pertaining to project financing, debt restructuring, insolvency and bankruptcy, infrastructure projects.
In the area of Insolvency & Bankruptcy, Sagar has represented Clients across various capacities, including but not limited to the Resolution Professional, the Committee of Creditors and the Resolution Applicants. Some of his notable matters include advising and representing the Committee of Creditors of Bhushan Steel Limited in relation to corporate insolvency resolution process of Bhushan Steel Limited, including acquisition of Bhushan Steel Limited by Tata Steel Limited; representing Corporation Bank before NCLT for initiation of the insolvency proceedings against Amtek Auto Limited, and representing and advising Committee of Creditors in the corporate insolvency process initiated against Amtek Auto Limited; representing and advising the Resolution Professional in corporate insolvency resolution process for Lavasa Corporation Limited; representing and advising the Resolution Professional in corporate insolvency resolution process for Future Retail Limited; Advising Albula Investment Fund (as resolution applicant) in relation to the formulation of a resolution plan for a wind energy company in India; Advising Torrent Investment Private Limited in relation to their resolution plan for Reliance Capital Limited; Advising the successful Resolution Applicant in relation to the corporate insolvency resolution process of Jyoti Structures Limited. He is currently advising resolution professionals, committees of creditors and resolution applicants in numerous matters as are listed later.
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Some of his prominent deals in the banking and finance sector include advising ADB in relation to its financing of the development and construction of a portfolio of 7 projects aggregating 709 MW of renewable energy projects in India; advising Exim Bank on a USD 1.6 billion loan to a power company in Bangladesh; advising Deg – Deutsche Investitions-Und Entwicklungsgesellschaft Gmbh in relation to its financing of the development and construction of a 110 MW of wind energy project in Karnataka, India being set up by the ReNew Group; advising a consortium of banks led by State bank of India in relation to the Rs. 4300 crore corporate loan and the general maintenance loan facilities of approximately Rs. 2000 crore granted to Bhushan Steel Limited.
Some of his major debt restructuring experience includes advising lenders of Jhabua Power Limited led by Axis Bank Limited in relation to the transfer of a debt exposure of approximately Rs. 4,400 crores under a bidding process; advising lenders of RattanIndia Power Limited led by Power Finance Corporation Limited in relation to the assignment of debt of approximately Rs. 7,600 crores under a bidding process; advising consortium of lenders of Bhushan Steel Limited in implementation of the entire corrective action plan; advising a consortium of banks led by State Bank of India in relation to the restructuring of debt under the corporate debt restructuring mechanism and Scheme for Sustainable Structuring of Stressed Assets in relation to Bajaj Hindusthan Limited.
In the infrastructure space, Sagar was extensively involved in advising the Rail land Development Authority (RLDA) and IRSDC (a subsidiary of IRCON Limited and RLDA), on the redevelopment of railway stations and associated commercial development at and around stations; advising the ReNew group in standardization of their EPC contracts for wind power projects.
Sagar joined Shardul Amarchand Mangaldas in April 2013 and works with the Insolvency and Bankruptcy team.
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Committee of Creditors Advisory
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Resolution Professional and Liquidator Advisory
Resolution Applicant Advisory
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