Overview

Siddartha Karnani specialises in the areas of the banking & finance, restructuring & insolvency, dispute resolution, real estate matters as well as general corporate advisory related assignments. He generally acts as the lender’s legal counsel and advises a broad spectrum of clients on a variety of banking and financing transactions, including syndicated lending (both secured and unsecured) transactions, external commercial borrowings and cross-border assistance.He has also been advising banks, non-banking financial companies and asset reconstruction companies on insolvency, enforcement and restructuring issues including those relating to SARFAESI Act and the new Insolvency and Bankruptcy Code 2016. Besides the above, he also specialises in undertaking title diligence exercises for land and urban properties.


Indicative Experience

Banking

  • Advised and Acted for Consortium of Lenders comprising of Central Bank of India, Bank of Baroda, Dena Bank and BNP Paribas in a transaction granting multi facilities to a leading Indian aviation company for the purpose of issuance of Stand by Letter of Credit in favour leasing companies towards security of leased aircrafts and Bank Guarantee in favour of Airport Authorities, Indian Oil Corporation Ltd. and other ATF suppliers.
  • Advised and Acted for Consortium of Lenders comprising of Andhra Bank, Indian Overseas Bank, Vijaya Bank and Central Bank of India with the Joint Loan Documentation for Term Loan Facility availed by a public limited company, for meeting its working capital requirements.
  • Advised and Acted for Punjab National Bank with the Loan Documentation for term loan provided to a real estate company for the purpose of refinancing of the existing loan facility availed of by them.
  • Advised and Acted for Union Bank of India with the Loan Documentation towards refinancing of high cost debt of existing private lenders and for completion of the project availed by a real estate development company and for completion of the Development Project at Andheri, Mumbai.
  • Advised and Acted for Syndicate Bank with the Loan Documentation for a term loan being lease rental discounting facility for the repayment of term loan from IndusInd Bank Limited and for other purposes by two related private limited companies.
  • Advised and Acted for Bank of Baroda with the Loan Documentation for a term loan by way of Inland Capex LC for financing of the construction cost of industrial infrastructure such as warehouses, Logistics Park etc a leading automobiles company.
  • Advised and Acted for Bank of Baroda with the Loan Documentation for term loan facility availed by a private limited infrastructure company for the purpose of building designing, operating, and maintaining the existing state highway from Bidar – Ekheli – Chincholi (Approx length 60.04 Kms) in the State of Karnataka.
  • Advised and Acted for Consortium of Lenders comprising of Bank of Baroda, Bank of India and Union Bank of India with the Extension of Loan Documentation for Additional Term Loan Facility availed by a private limited company, for meeting its capital requirements for developing an indoor and outdoor multipurpose stadium cum recreational complex and sports facility at Ahmadabad.
  • Advised and Acted for Consortium of Lenders comprising of Andhra Bank, Indian Overseas Bank, Vijaya Bank and Central Bank of India with the Joint Loan Documentation for Term Loan Facility availed by a public limited company, for meeting its working capital requirements.
  • Advised and Acted for Bank of Baroda with the Loan Documentation for the term loan facility availed by a public limited company for the purpose of carrying on its routine business operations, business development and its general corporate purposes.
  • Advised and Acted for Bank of Baroda in execution of the supplemental documents to the existing loan agreements, security documents and ancillary documents executed by and between a leading aviation company and Bank
  • Acted for the Consortium of Lenders comprising of Bank of Baroda, YES Bank and Federal Bank who granted working capital facilities to a private limited company dialing in sheet metal coils. Drafted, negotiated and finalized the working capital consortium agreement, inter se agreements between the Consortium of Lenders, security documents and other ancillary document
  • Advised and Acted for Bank of Baroda in execution of the supplemental documents to the existing loan agreements, security documents and ancillary documents executed by and between a leading aviation company and Bank of Baroda.

Insolvency

  • Representing and acting on behalf of Andhra Bank in the proceedings under Section 7 of the Insolvency & Bankruptcy Code, 2016, against a public limited textile and accessories company.
  • Advised and structured the assignments for secured lenders to a group of companies dealing in the realty, aviation, media and hospitality sector. Handled the project finance and consortium lending documentation for the real estate and infrastructure projects.
  • Assisted financial creditors in filing applications before NCLT against various debtor companies as also in filing claims with the IRP’s in addition to other services extended under the new Insolvency Code, 2016.
  • Advised and assisted clients with filing applications before NCLT, filing claims with IRP on behalf of financial creditors, attending CoC meetings, giving opinions on technical queries, assisting the financial creditors with regards to the analysis of information memorandum shared by the IRP, appearing before the Bench and moving the application for change or IP.

King Stubb & Kasiva

Offices In - New Delhi | Bangalore | Mumbai
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