Gautam Mudgal is a Counsel in the Corporate and Commercial practice group at Khaitan & Co’s Delhi office.
He has over 12 years of experience in private credit, banking and finance, and restructuring and insolvency. He has represented leading banks, financial institutions, investment funds, and foreign lenders on complex domestic and cross-border financing transactions, debt restructurings, and insolvency matters. His practice spans a wide range of sectors including infrastructure, renewable energy, pharmaceuticals, aviation, and real estate. Gautam has advised on landmark transactions such as the US$ 1 Billion investment in Mumbai International Airport Limited and the financing of IndiGrid Infrastructure Trust, the first and largest publicly listed Infrastructure Investment Trust (InvIT) in India. He has also been at the forefront of high-profile insolvency matters, including proceedings involving major players in India’s startup ecosystem. Additionally, he contributed to public policy by assisting the Department of Financial Services, Ministry of Finance, Government of India on the drafting of the ‘National Bank for Financing Infrastructure and Development Act, 2021’. He consistently leads sophisticated transactions with a detail-oriented and commercially driven approach.
Corporate and Commercial
Advised on relation to their US$ 1 Billion investment in Mumbai International Airport Limited by subscription of investment-grade USD denominated notes
Advised on its investment in optionally convertible debentures and compulsorily convertible debentures issued by DMW CNC Solutions India Private Limited and Amex Alloys Private Limited, companies manufacturing precision component for automotive, aerospace, and other industries
Advised on its investment in non-convertible debentures issued by Aurore Life Sciences Private Limited and Hydra Active Pharma Sciences Private Limited, companies manufacturing Active Pharmaceutical Ingredients (APIs)
YES bank Limited in relation to financing of approx. USD 348 million for setting up a strategically important inter-state transmission project;
IndusInd Bank Limited in relation to extension of a term loan facility of approx. USD 120 million to an Infrastructure Investment Trust (InvIT) for the purpose of further investing in its transmission SPVs;
HDFC Bank Limited, Hong Kong Branch, on granting external commercial borrowings of €35 million to an Indian entity for setting up a manufacturing facility for industrial pigments located at Dahez SEZ, Gujarat, India;
Axis Bank Limited, GIFT City Branch, on granting external commercial borrowings of USD 34.5 million to an Indian pharmaceutical company for setting up a manufacturing facility at Ramky Pharma City (SEZ), Andhra Pradesh, India.
Cerberus Capital Management LP in its bid to acquire non-performing asset portfolio of YES Bank Limited;
Cerberus Capital Management LP in its bid to acquire debt portfolio of Piramal Capital & Housing Finance Limited;
Cerberus Asia Pacific Investments LLC and Farallon Capital Asia Pte Ltd in their bid to acquire debt portfolio of Piramal Capital & Housing Finance Limited;
Ramkrishna Forgings Limited in implementation of the resolution plan approved by the NCLT for JMT Auto Limited under the Insolvency and Bankruptcy Code, 2016;
Foreign portfolio investors in relation to enforcement of their rights under the debenture documents and initiation of insolvency proceedings against a group of companies engaged in building maintaining and operating software technology park/IT park;
Committee of Creditors in the insolvency resolution of Educomp Infrastructure & School Management Limited and Educomp Solutions Limited;
Thriveni Earthmovers Private Limited on submission of resolution plan under the insolvency resolution process for Lanco Infratech Limited;
E-Homes Infrastructure Private Limited on submission of resolution plans under the insolvency resolution process for Brys International Private Limited, Neo Infratsructure Private Limited and Primrose Infratech Private Limited.
Department of Financial Services, Ministry of Finance, Government of India on the drafting of ‘National Bank for Financing Infrastructure and Development Act, 2021’;
The Indian subsidiary of a Singapore based real estate group on acquisition of a company involved in development of commercial real estate projects in India through debt funding;
The Indian subsidiary of a leading Singapore based infrastructure company on acquisition and refinancing of road project assets in India;
A leading Indian airline on dry lease of aircrafts for its fleet from E.U., U.S. and Dubai based lessors;
A leading U.S.‐based private equity firm on risk analysis of whistle blowing mechanism of a company undertaking wind power projects in India;
A leading Indian private sector bank on legal audit of its large value loan accounts.
