Ashneet Chhabra

Ashneet Chhabra is a Partner Designate in the Banking & Finance practice at Luthra and Luthra Law Offices India. An alumna of Amity Law School, Delhi (2018), with close to eight years of experience advising and specializing in structured debt finance, real estate funding, project finance and banking and finance.

She regularly advises banks, financial institutions, alternative investment funds, corporates and real estate developers on a wide range of financing and investment transactions, including listed and unlisted bond and debt securities, debt refinancing, Infrastructure Investment Trusts (InvITs) and trust-based financing structures, and structured lending arrangements. Her practice spans the full transaction lifecycle, including security creation, drafting, negotiation and regulatory compliance. Her clients include Hero Future Energies, EDF Group, Vena Group, Kautilya Fund and Aditya Birla Sun Life Mutual Fund, among others.

Ashneet has significant experience structuring, negotiating and documenting financing transactions in the aforesaid sectors including renewable energy and infrastructure, advising both lenders and borrowers on the security structuring, documentation and regulatory aspects of complex debt transactions. She is known for managing complex, multi-party financing transactions, and for delivering clear, commercially focused advice to clients across the lending and investment spectrum.

Experience Statement

• Acted as counsel to Adhunik Power & Natural Resources Limited (APNRL) on a complex and strategically significant debt refinancing transaction, involving the acquisition and restructuring of INR 3,411 Crore in existing debt.
• Advised the National Bank for Financing Infrastructure and Development (NABFID) in connection with the subscription of listed, secured, rated, redeemable transferable, non-convertible debentures aggregating up to INR 830 Crores, being tranche 1 of INR 1,100 Crores, issued by TVS Infrastructure Trust (InvIT).
• Acted for SWAMIH Fund in connection with investment in non-convertible debentures to provide last mile finance to K V Developers Private Limited for completion of construction of a group housing project in the state of Uttar Pradesh.
• Acted for Kautilya Real Estate Fund in connection with the subscription of senior secured unlisted non-convertible debentures aggregating up to:
  • INR 230 Crore issued by Hawelia Builders Private Limited for part financing of the project proposed to be constructed at Greater NOIDA, Uttar Pradesh, India, sprawling in land measuring 88,075 sq. meters.
  • INR 125 Crore issued by Alpine Infraprojects Private Limited for part financing the cost of acquisition of the land for a group housing project proposed to be constructed by the Company at Siddharth Vihar, Ghaziabad, Uttar Pradesh.
  • INR 70 Crore issued by Windsor Paradise Heights Private Limited for part financing of the project proposed to be constructed by the Company at Ghaziabad, Uttar Pradesh, India.
• Advised Radiance Renewables Private Limited, the promoter company of the Radiance Group, in relation to financial assistance comprising a term loan facility aggregating up to INR 1850 Million from Nomura Capital (India) Private Limited for the purpose of funding capital expenditure to be incurred by a member of the Group and funding shareholder loans or inter-corporate deposits to be made to its subsidiaries.
• Acted for Indian Infrastructure Finance Company Limited (IIFCL) in connection with its investment in secured, unlisted, rated, redeemable, taxable non-convertible debentures issued by Bangalore International Airport Limited (BIAL) aggregating up to INR 800 Crore.
• Acted for Aditya Birla Finance Limited in connection with financial assistance availed by Experion Developers Private Limited, Experion Real Estate Developers and Experion Nirman Private Limited from Aditya Birla Finance Limited aggregating up to INR 100 Crore towards investment in ongoing and new projects, reimbursement of project development cost / capex, working capital, corporate overheads and general corporate purposes of the Borrower and the Co-Borrower Companies.

A detailed experience statement is available upon request.