Overview
Kartikeya is a Partner with the Banking & Finance Practice Group at Luthra and Luthra Law Offices. Kartikeya has been actively involved in advising domestic and foreign clients in the areas of project finance, corporate finance, debt restructuring, banking & finance regulations and external commercial borrowings. He represents both lenders and borrowers in financing transactions and has experience in sectors spanning airports, hospitals, manufacturing, road, power, renewable energy (wind and solar power) and technology services.
Experience Statement
- Advised L&T Financial Services Limited and different entities under it in relation to separate term loan facilities aggregating to approximately INR 1,701 Crores provided to 12 (twelve) special purpose vehicles set up by Essel Green Energy Private Limited for developing and implementing a total capacity of 365 MW solar power projects in the states of Odisha, Uttar Pradesh, Karnataka and Maharashtra.
- Advised a consortium of lenders led by State Bank of India in relation to financial assistance for an amount of INR 16,000 Crores made available to Hindustan Urvarak & Rasayan Limited, for the purpose of part financing the cost of construction and development of three separate natural gas based urea manufacturing complexes with a total urea capacity of 11550 tons per day and ammonia capacity of 6600 tons per day, in Gorakhpur, Uttar Pradesh, Sindri Jharkhand and Barauni Bihar.
- Advised lenders led by Axis Bank Limited in relation to loan facilities aggregating to INR 1665,00,00,000 made available to Cavendish Industries Limited for the purpose of refinancing certain existing indebtedness availed by the company and in relation to certain working capital facilities aggregating to INR 400,00,00,000 made available to the Company.
- Advised a consortium of about 30 Indian and overseas banks, financial institutions, mutual funds and asset reconstruction companies led by Edelweiss Asset Reconstruction Company Limited in relation to the structuring of the entire existing financial indebtedness of BILT Graphic Paper Products Limited aggregating to approximately INR 5,000 Crores into inter alia term loans, non-convertible debentures and compulsorily redeemable preference shares.
- Advised Bangalore International Airport Limited in relation to a term loan facility of INR 160 Crores availed by Bangalore International Airport Limited from a syndicate of banks led by ICICI Bank Limited for part financing certain capital expenditure in relation to the refurbishment of the existing terminal, forecourt improvements and realignment of terminal T1 of the Bengaluru International Airport.
