Our Partners



Aastha

Partner

Banking & Finance, Corporate Restructuring & Insolvency, Real Estate,

Aastha’s practice focuses on financing as well as corporate insolvency and restructuring matters. She holds extensive experience of over 12 years in handling various banking and finance, projects and project finance transactions, both as lenders’ counsel as well as borrower’s counsel. She advises several renowned banks, NBFCs, credit funds and large corporate houses on various transactions including, structured finance, syndicated lending, real estate financing and financing through NCDs.

Aastha’s restructuring experience involves providing strategic inputs and solutions on a full range of contentious as well as non-contentious distressed situations. She advises a wide range of stakeholders on corporate insolvency and restructuring matters which includes investors, asset reconstruction companies, financial institutions as well as the committees of creditors and regularly appears before the NCLT for various matters under the Insolvency and Bankruptcy Code (IBC). She is also involved in making stakeholders’ representations to the Ministry of Corporate Affairs and the Insolvency and Bankruptcy Board of India on issues under the existing IBC regime and suggesting changes to the same.  

Aastha has pursued her B.A.,LL.B (Hons.) from the National University of Juridical Sciences (NUJS), Kolkata.

Select Professional Experience

  • Advised on India's largest ever merger to create India's second largest bank, HDFC Bank.
  • Advised Polygenta Technologies Limited (a leading PET recycling company engaged in sustainable circular economy), on Indian law aspects on the external commercial borrowing raised from DEG - German Investment and Development Company mbH and Danish development financier IFU.
  • Advised the committee of creditors on the corporate insolvency resolution process of Binani Cement Limited under the Insolvency and Bankruptcy Code, 2016.
  • Advised India Resurgence Fund promoted by Piramal Enterprises Limited and Bain Capital Credit in its investment of up to Rs 615 crore ($83 million) in Gujarat-based Setco Group.
  • Advised the consortium of lenders of Garden Silk Mills Limited (GSML) led by Bank of Baroda, on the resolution of GSML’s account under RBI’s circular, dated June 7, 2019, on resolution of stressed assets.
  • Advising an alternate investment fund set up by the Government under the Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects, on an ongoing basis, on their investments in various real estate projects across the country.
  • Advised Magma Fincorp on the acquisition of GE Money Housing Finance (GEMHF) and the entire home equity loan portfolio of GE Money Financial Services (GEMFS).

Awards & Recognition

  • Recognised as “Rising Stars 2022” by Asian Legal Business India.
  • Recognised as “Recommended Lawyer” for Banking & Finance by the Legal500 Asia-Pacific Rankings 2022.
  • Recognised by Business World Legal World in their elite list of 40 Under 40 Club of lawyers, legal leaders & legal influencers.
  • India Business Law Journal recognised the insolvency of Binani Cements as ‘Deals of the Year 2019’.

Memberships

  • West Bengal Bar Council.

Papers & Publications

07th May, 2021

RBI ANNOUNCES RESOLUTION FRAMEWORK 2.0 FOR INDIVIDUALS, SMALL BUSINESSES AND…

12th Nov, 2020

RECENT AMENDMENTS IN REGULATORY FRAMEWORK FOR ISSUE AND LISTING OF…

07th Aug, 2020

RBI ANNOUNCES RESOLUTION WINDOW FOR COVID-19 RELATED STRESS

24th May, 2020

COVID 19 - Additional policy measures announced by RBI

Our Offices

Mumbai

11, 1st Floor, Free Press House
215, Nariman Point
Mumbai – 400021

+91 22 67362222

Delhi

Express Building
9 – 10 Bahadur Shah Zafar Marg
Delhi – 110002

+91 11 23701284/5/7

Bengaluru

68 Nandidurga Road
Jayamahal Extension
Bengaluru – 560046

+91 80 46462300

Kolkata

Binoy Bhavan
3rd Floor, 27B Camac Street
Kolkata – 700016

+91 33 40650155/56

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