Ms. Jhanjee is an Advocate and Member of the Institute of Company Secretaries of India and her key areas of practice include debt finance, including domestic and cross border syndicated lending (both secured and unsecured), asset sales and corporate financing and refinancing; Securitization; Real Estate Finance, including housing finance companies in transactions relating to securitization of housing loans.
Ms. Jhanjee has extensive experience as is a corporate and finance lawyer with extensive experience in project financing, Debt Restructuring (CDR), Joint Lender Fourm (JLF), Transaction Advisory. She has participated in the consortium meeting for finalization of the documents, handled and managed regulatory compliances under RBI, statutory audits,
Ms. Jhanjee has been instrumental in growth of the Firm Banking & Finance Practice and with in house experience and working corporate at such as GE Finance, her expertise lies in both handling client issues and understanding the client.
List of key Transactions:
Ø Headed the team of Lenders Legal Council (LLC) to “SBoP Consortium” having more than 12 Banks/Financial Institution as the part of Consortium formed under CDR Mechanism to restructure financial assistance of approx 1000-2000 Crore extended to the Borrower by Lenders under the instructions of Corporate Debt Restructuring Cell drafted Master Restructuring Agreement, Security documents such as Guarantee Agreement, Mortgage/Hypothecation documents, Pledge etc., various compliances under CDR-RBI circulars and Companies Act, for Corporates such as “A2Z Maintenance & Engineering Services Limited”;
Ø Negotiation and Finalization of Loan Transaction between “M/s Ranbaxy Laboratories Limited” by “SBI (CAG)” of Rs. 2000 Crore for the purpose of settlement of outstanding derivatives, shoring up of net working capital of the Company, normal Capex of the company and expenditure on R & D on reimbursement basis
Ø Headed the Loan Transaction between “M/s Jindal Realty Private Limited” and “Axis Bank Limited” for set up/ implement Phase I and Phase 2 of Jindal Global Township situated at Sonepat, Haryana. Further proposes for replacement of debt and reimbursement of capital expenditure for precast Concrete Plant at Sonepat, Haryana for manufacture of construction elements such as Slabs & Walls etc.
Ø Headed the team of Lenders Legal Council (LLC) to “SBI Consortium [Industrial Finance Branch (IFB) & Overseas Branch (OB)]” transactions having more than 15 Banks/Financial Institution as the part of Consortium formed for the Financial assistance (Working capital & Term Loan) extended by various Banks/Financial Institutions
Ø Acted as Lenders Legal Council (LLC) to “M/s Rattanindia Power Limited (formerly known as Indiabulls Power Limited)” and “IDBI Bank Limited” for facility extended to set up a 1350 MW (5*270 MW) [Phase-II] coal based power plant based on sub-critical technology at village Nandgaonpet, District Amravati, Maharashtra
Ø Assisted “M/s Solar Energy Corporation of India” for standardization of their Viability Gap Funding Securitization Agreement and other security documents such as Mortgage, Hypothecation, Board Resolutions, other compliances for extending grant to various organizations.
Ø Acted as Indian Legal Council to Loan Transaction between “Axis Bank Singapore” and M/s WPIL International PTE. LTD.” to utilize the Loan Facility towards an intercompany loan to the Purchaser who shall further utilize the facility to purchase the target shares from seller.
Ø Acted as India Legal Council for technology transfer joint venture between “Stabilig Infra PTE. LTD.” and “Halik Limited (Israel)” for manufacturing concentrates for road repairs and maintenance and for technical know-how relating to the liquid road coating material such as TL-2000, SOUP, Crack Sealer, Hydrophobic Paint (HL) wherein was involved in joint venture agreements, legal opinions, board resolutions and other necessary documents.
Ø Acted as legal counsel to “ICICI Bank Ltd.” with respect to the loan facilities (including ECB facilities) provided to Timarpur Okhla Waste Management Company Private Limited for setting up of 20MW power project at Okhla, New Delhi based on integrated municipal waste processing facility at Timarpur and Okhla, New Delhi. Drafting/vetting/negotiating of all documents/agreements including term sheet, facility agreements, guarantee agreements, hypothecation deeds, pledge agreements, CP documents, board resolutions, legal opinion and review of project related documents.
Ø Acted as Indian legal counsel to “ICICI Bank UK PLC” and “Wells Fargo Trust Corporation Limited” with respect to the loan facilities provided to Shiv-Vani Oil and Gas Co. LLC, a wholly owned subsidiary of Shiv-Vani Oil and Gas Exploration Services, for procuring rigs in Oman. Review of all documents/agreements including facility agreements, guarantee agreements, CP documents, RBI forms, CA certificates, board resolutions and provided legal opinions as to compliances under Indian regulations and the transaction.
Ø Acted as legal counsel to “JM Financial” with respect to the loan facility provided to Soham Manapitlu Power Private Limited for setting up of 15MW hydro power plant. Drafting/vetting/negotiating of all documents/agreements including term sheets, facility agreements, guarantee agreements, hypothecation deeds, pledge agreements, CP documents, board resolutions, legal opinion and review of project related documents.
Ø Assisted “JSL Limited” on numerous transactions in relation to its infrastructure and mining projects involving joint venture; acquisition and private equity transactions; debt financing; and general corporate, wherein was involved in drafting/vetting, negotiating and finalisation of MoUs, joint venture agreements, shareholders agreements, loan agreements, concession agreements, legal opinions, board resolutions and other necessary documents, including:
v Review/vetting of project financing documentation including master restructuring agreement, trust and retention account agreement, deed of hypothecation, restructuring term sheet, no objection letters, etc., on the basis of the approved corporate debt restructuring package;
v Drafting/vetting of numerous letters including RBI approval letters, consent letters, etc., on the basis of the approved corporate debt restructuring package;
v Review/vetting of numerous secured loan facility transactions (including ECB financing) with respect to its projects at Hisar and Orissa;
v Restructuring of foreign currency convertible bonds on the basis of the approved corporate debt restructuring package. Drafting/vetting/negotiating of all documents/agreements including term sheets, trust deed, notices, consent letters, resolutions, legal opinions and RBI approval;
v Review/vetting of ISDA with Morgan Stanley in connection with derivative transactions (commodity, currency and interest rate hedging) including advising on/amending of its terms and conditions considering ongoing corporate debt restructuring process;
v Advised on its Fixed Deposit Scheme offer document, wherein JSL accept fixed deposits from public considering corporate debt restructuring package;
Ø Acted as legal counsel to “GAIL Gas Limited” (a wholly owned subsidiary of GAIL (India) Ltd.) with respect to the loan facilities provided by “Union Bank of India” for financing City Gas Distribution projects in Devas, Kota, Sonepat and Meerut. Review of all documents/agreements including facility agreements, board resolutions and legal opinions.
Ø Headed the team of Lenders Legal Council (LLC) to “SBI Consortium” on various transactions having more than 15 Banks/Financial Institution as the part of Consortium formed under restructuring mechanism for extending financial assistance of approx 1000-2000 Crore extended to the Borrower by Lenders and negotiated and drafted Master Restructuring Agreement, Security documents such as Guarantee Agreement, Mortgage/Hypothecation documents, Pledge etc., various compliances under CDR-RBI circulars and Companies Act, for Corporates such as:
v Action Ispat & Power Private Limited,
v Aravali Infrapower Limited,
v Bhushan Energy Limited,
v C & C Constructions Limited,
v Himalya International Limited,
v Janki Corp Limited,
v Simbhaoli Spirits Limited etc.;
Ø Assisted “Menlo Capital Group”, a U.S. based company on numerous transactions in relation to its investments in India, including:
v Acquisition of a “Non-Banking Financial Company” incorporated and registered under the laws of India, wherein conducted legal due diligence and provided report thereto; drafting/vetting/negotiation of the share acquisition agreements, including necessary representation and warranties, drafting of put and call options, escrow agreements, drafting of annexures to the share acquisition agreements including board resolutions, undertakings, legal opinions and other necessary documents.