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India Law Services closes three April projects opposite Trilegal, Hammurabi & Solomon

Mumbai projects boutique India Law Services (ILS) has advised the lender consortium of bankers in three project finance transactions opposite Trilegal, one in-house counsel and Delhi-based Hammurabi & Solomon acting for the borrower companies.

ILS principal associate Vishakha Bhagvat, senior associate Abir Dey and associate Shruti Sareen were the team of lawyers for all the consortium banks in L&T Shipbuilding project worth Rs 3,375 crores executed on 10 April.

L&T Shipbuilding took the services of its in-house counsel for this project that involves the development and operation of TEU container handling terminal costing 1.2 million and a shipyard for commercial and defence vessels at at Kattupalli in Tamil Nadu.   

On the iEnergy Wind Farms (Theni) project of a value of Rs 108 crores, ILS and Trilegal have advised the sole lender State Bank of India (SBI) and the borrower respectively.

ILS associates Apurv Sardeshmukh and Danish Tata assisted Bhagvat and Dey from ILS while Trilegal partner Ameya Khandage led for the borrower company that will utilise the raised capital for setting up phase one of 49.5 MW wind farm project in Tamil Nadu.

Borrower Gopalpur Ports Limited raised Rs 1,213 crores for the expansion, development and operation of Gopalpur Port in Orrisa, where Hammurabi & Solomon managing partner Manoj Kumar acted for the borrower and ILS principal associate Nilesh Vagal, senior associate Abir Dey and associate Rahul Chauhan formed the team of legal counsel for Punjab National Bank (PNB)-led consortium of banks. 

ILS managing partner Karkhanis noted that the firm had started the financial year well and expected to close three more projects in this month.

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