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Just to add- this messages pre supposes that thr clients are fools and they don't know what's happening. In case of any malpractice- they still go to the SCAM/kco/azb and the likes ? Asking myself why
As comment 3 rightly pointed out, most of these high flying lawyers have are just well-played "dalals". While it's all just different ways of making money, it's high time these people pretending to be some "thought leaders". CSS really needs to stop writing those 6th grade town hall essays on his birthday where he tries so so so hard to seem intelligent.
Also surprised to see that the CAM PR machinery and the BnF COO have let the truth slip out of the closet!
is that why the PNB-Nirav Modi thing happened?
Whether it’s an IBC Takeover, refinancing of existing borrowings, green-field financing or debt restructuring, the BnF practice consistently shoulders the task of “getting the deal through at any and all cost”.
While all transactional lawyers should aim for “successfully” closing transactions they are mandated on, the BnF teams (specially at SCAM and Kco+AZB) have focused more on “any and all cost” in place of fulfilling their professional obligations to their clients.
Hence, the likes of LV, Santosh, Abeer Dey, Kumar Saurabh Singh, Abhimanyu Bhatta, Arijit basus (azb) have successfully reduced one of the oldest practice areas, i.e. BnF to a “Dalals” practice with very nice brokers under training.
Regards,
The Truth
Who are the clients, are they banks/NBFCs, or are they businesses/companies dealing with banks/NBFCs?
What is the scope of work, exactly? AFAIK, Gen Corp teams handle the entire gamut of transactional work, including debt. Or is that perhaps only for institutional borrowings and if a company is borrowing from a bank, it's the domain of the BnF team?
Beyond that, I know there are a lot of banking laws about asset classification, asset quality, capital structure etc. So is that what BnF teams do, ensuring compliances, and in case of a dispute with the regulator, represent them in court?
Also, lending, default and insolvency are closely linked right. So does recovery (under RDDBFI, schemes, CIRP etc) fall to the BnF team or the Insolvency team?
Thanks in advance!