Kumar Saurabh brings deep expertise in the field of insolvency and restructuring having worked on complex corporate insolvency resolution processes involving some of the largest non-performing accounts in India. His experience of resolution side spans across multiple industries, including financial services, aviation, power, steel, cement, real estate, construction, manufacturing, and hospitality, making him adept at handling distressed assets across diverse sectors and in complex/competing situations.
Additionally, his work in areas of structured finance, cross-border financing, securitisation, and listed debt transactions positions him as a specialist debt lawyer covering the entire gamut of debt products from origination to resolution/recovery. Besides, his experience of working with a wide range of clients including banks, financial institutions, private credit funds and large corporates in the debt market on both transactional and regulatory issues puts him in a unique bracket of very sought after and experienced debt practitioner in the market.
Banking and Finance
Restructuring and Insolvency
Advised on all aspects relating to the corporate insolvency resolution process for Essar Steel Limited under the Bankruptcy and Insolvency Code (IBC).
Advised as a resolution applicant in the corporate insolvency resolution process of Electrosteel Steels Limited and Bhushan Steel and Power Limited under the IBC.
Advised on the resolution plan and bid strategy for Binani Cements Limited under the IBC.
Advised on bankruptcy filing by Aircel Limited under the IBC.
Advised on an interim finance extended to Binani Cement Limited while undergoing corporate insolvency resolution process.
Advised for syndicated facility of Rs.1800 crores to Jayaswal Neco Industries Limited.
Advised Consortium for syndicated facility of Rs.560 crores for the development of the existing container terminal at Visakhapatnam Port in Andhra Pradesh.
Advised for arranging Rs.2137 crores of debt financing forming a part of financing required to set up 600 MW coal-based power project at Chandrapur, Maharashtra.
Advised in relation to senior and mezzanine facilities aggregating to GBP 235 million provided to offshore subsidiaries of Lodha Group, India for acquisition of a property in London for construction and development purposes.
- Kumar Saurabh has been identified as the “Recommended Lawyer” for Banking & Finance by Legal 500
- IFLR 1000 ranks Kumar Saurabh as a ‘’highly regarded’’ practitioner in the Banking and Finance practice
- Chambers and Partners ranks Kumar Saurabh as a ‘’recognised lawyer’’ in the Banking and Finance practice
