Bhaskar Khurana is a Legal professional with over 18 years of experience with extensive experience in Banking Law, Project Financing, Due Diligence, Legal Audit, and Vetting. He has handled matters under Civil Law, the Consumer Act, and the Negotiable Instruments Act and have appeared in various district and tribunals to represent clients. Adept at managing complex transactions and regulatory compliance. Expertise in structuring documentation process, Road Projects instituted under Public Private Parentship advising financial institutions, and representing clients in litigation and before regulatory authorities.
Mr. Khurana has extensive experience in:
§ Drafting and vetting of finance documents viz. Loan Agreement, Security Trustee Agreement, Share Pledge Trustee Agreement, Inter Creditor Agreement for banks, financial institutions, and non-banking financial companies.
§ Drafting and vetting of security documents viz. Deed of Hypothecation, Indenture of Mortgage, memorandum of entry, pledge deed, personal guarantees, corporate guarantees, sponsor support undertakings, trust & retention agreement and other related documents.
§ Negotiation of Escrow Agent transactions involving Foreign/Indian investment.
§ Rendering legal opinion on matters related to application of stamp duty, registration of documents, title search and verification of property, enforceability of security.
List of key Transactions:
Ø Negotiation of Loan and Security documents, External Commercial Borrowing restructuring documents security creation in form of mortgage, hypothecation and pledge, for consortium of lenders led by Punjab National Bank, consisting of more than 15 lenders, for M/s Jindal India Thermal Power Ltd for an exposure exceeding 2,000 Crore.
Ø Drafting, negotiation of Loan and Security documents, execution of loan documents security creation in form of hypothecation, for consortium of lenders led by Punjab National Bank, consisting of more than 10 lenders, for M/s Triveni Engineering & Industries Limited for an exposure exceeding 2,500 Crore.
Ø Negotiation and Finalization of Loan Transaction between IL&FS Tamil Nadu Power Company Ltd and PNB led Consortium. Project Finance involving the consortium loan and consortium led by PNB. It also included the creation of securities and due diligence of Project Land at Tuticorin, Tamil Nadu.
Ø Headed the Loan Transactions involving Rapid Metro Rail Gurgaon Ltd- Project undertaken by IL&FS and financed by the PNB LCB Gurgaon, Haryana.
Ø Headed and handled discussions pertaining to the Road Projects involving loan documentation process, opining on the Concession Agreements, Project Documents, security creation for Canara Bank, with respect to the Concession Agreement executed between NHAI and NKC JK Expressways Private Limited, NKS KS Expressways Private Limited, Amritsar Ghoman Highways Private Limited for the awarding of the road projects to aforementioned companies.
Ø Handled the legal audit Process of Distribution Logistics Infrastructure Pvt. Ltd to audit the loan and security documents executed for Bank of Baroda and Punjab National Bank.
Ø Acted as Legal Counsel to PNB for its Term Loan transaction to SG Finance Limited involving, drafting loan and security documents, execution of loan documents, creating of securities for facility exceeding 100 Crore.