The Banking and Structured Finance practice group at FML concentrates all of its resources and professional efforts in the field of the Reserve Bank of India, regulatory and other banking law.
The firm has a nationwide practice base and has successfully represented and advised numerous banks, financial institutions, insurance companies, securitisation / asset reconstruction companies, non – Banking Financial companies and others. The caliber of the firm’s advisory and legal services in this sector has been highly appreciated by banking institutions across India as is evident from the impressive list of our clients in the said sector.
The FML Banking and Structured Finance Group has extensive experience in structuring, negotiating and documenting all types of financing transactions, including domestic and cross-border transactions, secured and unsecured transactions, project financings and asset-based lending. With our highly efficient Tax Group, we offer to our clients complete legal solutions to their needs in the said sector.

Practice Areas
Our Banking and Structured Finance practice area focuses on:

• Advising the clients on the provisions under the Banking Regulation Act, 1949 and notifications issued by the Reserve Bank of India (RBI) including exchange control regulation of RBI.
• Advising the clients on structuring of foreign investments in the banking sector in India.
• Advising banks/ Non-Banking Financial Companies (“NBFCs”) / financial institutions and companies on the foreign exchange regulations pertaining to investments/transactions in the banking sector
• Drafting loan and financing agreements, service agreements, security, guarantee and allied documents for our clients
• Advising NBFCs on various foreign exchange, company law and other legal issues, including issues related to the applicable capitalization norms, registration requirements etc
• Advising the clients on legal and regulatory issues in relation to securitisation and asset reconstruction.
• Advising tax optimal structures for leasing transactions.
• Representing banks and Government of India in relation to litigation and arbitration matters in various courts in India.
• The Litigation practice includes wide experience in civil, corporate litigation, environmental, property dispute, banking, criminal matters (white collar) and Arbitration matters. Further the litigation team also practices various fields of law including, intellectual property laws, service matters, electricity laws, anti dumping laws, competition laws, consumer protection, environmental laws, negotiable instruments act before the appropriate courts/ forums/ tribunal/ commissions.
• The litigation team practices before the Debts Recovery Tribunal, Debts Recovery Appellate Tribunal, Monopolistic and Restrictive Trade Practice Commission, Company Law Board, Electricity Appellate Tribunal, Consumers Forums, District Court, BIFR, AAIFR, CEGAT, the High Court and the Supreme Court of India, etc.

An indicative list of our experience in the banking and structured finance area is as follows:

1. Advising the Government of India on the Dabhol Project in relation with the restructuring plan, project financing, sovereign guarantee, loan documentation, security arrangement, indenture of mortgage, mortgage trustee agreement, trust and retention account agreement, etc.
2. Provided assistance in drafting loan documentation for JP Morgan Chase Bank National for a term loan granted to Macrotech Construction Pvt. Ltd., a Lodha Group company. And also assisted in doing due diligence/ title search on the property of Macrotech, which was mortgaged against the loan.
3. Advising the Central Bank of Bangladesh on the legal aspects of their restructuring (World Bank Project for 2 ½ years).
4. Advised the World Bank on the World Bank India Small & Medium Enterprise (SME) Project, Risk Sharing Facility Structuring;
5. Advised Power Finance Corporation Limited on documentation of the loan sanctioned by Power Finance Corporation to Maharashtra State Electricity Board in respect of Thermal Power station at Beed, Maharashtra entailing drafting of the Loan Agreement, Mortgage Deed / Undertakings, Board Resolution and opinion on the Title Search Report etc.;
6. Advised Power Finance Corporation Limited on the loan sanctioned to Jindal Thermal Power Company Limited (debt-refinancing) entailing vetting and finalization of Loan Agreement, Pari Passu Agreement, Security Trustee and Agent Agreement, Pledge Agreement, Memorandum of Hypothecation, Indenture of Mortgage, Letter of Waiver, Deed of Re-Conveyance, Declaration, etc.;
7. Acted on behalf of Power Finance Corporation Limited in connection with financial assistance to M/s. Enercon Wind Farms (Rajasthan) Pvt. Ltd. and M/s. Enercon Wind Farms (Jaisalmer) Pvt. Ltd. for procurement of equipment under Lease Finance Scheme for setting up Wind Farms in Rajasthan;
8. Advising HSBC, Hong Kong in relation to transfer of their merchant acquiring business.
9. Assisted Power Finance Corporation Limited on documentation of the loan sanctioned by Power Finance   Corporation to Himachal Pradesh State Electricity Board for Hydro Electric Projects of 2X50 MW in Uhl and 2X33 MW in Kashang in Himachal Pradesh;
10. Advised Wells Fargo Foothill Inc., a California based Company in respect of a global lending transaction. Rendered India level advice on their Securitisation transactions;
11. Advised Power Finance Corporation Limited relating to security/guarantees to be taken by Power Finance Corporation for the loan sanctioned to Shree Maheshwar Hydel Power Corporation Limited for the Maheshwar Hydel Power Project in Madhya Pradesh.
12. Documentation of the loan sanctioned by Power Finance Corporation to Gautami Power Limited in respect of its combined cycle power project in Andhra Pradesh entailing vetting and finalisation of Loan Agreement, Pari Passu Agreement, Security Trustee and Agent Agreement, Pledge Agreement, Memorandum of Hypothecation, Indenture of Mortgage, Letter of Waiver, Deed of Re-Conveyance, Declaration etc. [Project cost: Rs. 1500 crores]
13. Advised UBS in relation to restructuring of debt owed by Prime Asia N.V (the Borrowers) to Union Bank of Switzerland AG (UBS AG). 
14. Assisted Indian Renewable Energy Development Agency (IREDA) in 14 Power different projects in India, financed by it.
15. Represented National Housing Bank for debt securitisation of immovable properties.
16. Represented Bayerische Hypo-undVereinsbank Aktiengesellschaft, in relation to a debt transaction involving a term loan of 10.3 million Euros to Shriram Fibres Limited.
17. Advised Tourism Finance Corporation of India in relation to various loans and documentation in connection therewith.
18. Advised DVB Bank-Tolani Shipping Co. Limited on the loan facility, including documentation in relation to the transaction.
19. Represented Euronet Worldwide, Inc. and advised them in connection with refinancing transactions.
20. Advised GMR Infrastructure Limited on documentation, including Consortium Agreement, Lead Bidder Agreement, etc. at the bidding stage of the International Airport Project at Hyderabad.
21. Represented Standard Chartered Grindlays in relation to general loan transactions.
22. Acted for Kolkata West International City Private Limited promoted by Salim Group & Ciputra Group of Indonesia in relation to the West Howrah Township project in West Bengal.
23. Advised Modi-Mundipharma Limited and Mundipharma Laboratories GmbH in relation to foreign currency loan documentation.
24. Rendered advice to CCIL Mumbai on Rupee derivative products.
25. Advised Bayard Capital, Australia in relation to issue of guarantees and creation of security in favour of Australian Banks.
26. Represented Cessna Finance Corporation in relation to refinancing of two Helicopters.
27. Advised IDFC, the Financier in relation to Bio-energy Power Project in Lucknow.
28. Advised ICICI in relation to negotiations on financial documentation, loan documentation, security documentation, deed of hypothecation, non-resource financing in relation to the ST-CMS Neyveli Power Project in Tamil Nadu.
29. Advised Crysler Bank, one of the lenders in the Karnataka Project of Jindal/Tractobel.
30. Advised Citibank, the main lender in the Bhilai Project of Citibank / Larsen & Toubro.
31. Advised the Bank of America in its MPDC Investment in Dabhol Power Company including drafting the facility & guarantee agreements.
32. Acted as the Indian counsel for ABN-Amro Bank/ICICI and advised on all Indian law issues relating to the project including power purchase agreements and financial documents both for foreign currency and rupee financing, devised an appropriate security package in consultation with the developers, Indian legal counsel, drafted and negotiated security documents to conducting detailed due diligence on the project especially with respect to statutory and regulatory approvals including environmental approvals and title to land with regard to the  Videocon Power Limited project.
33. Advised the Rabo Bank in relation to its joint venture to establish Rabo India Finance Private Limited.
34. Advised the Banque Brussels Lambert – ING Bank   in relation to the acquisition of shares in Vyasa Bank Limited.

An indicative list of clients represented in the Banking and Structured Finance area is as follows:

S.No.	Banks represented by us
	ABHYUDAYA CO-OPERATIVE BANK LTD
	ABN AMRO BANK
	ABU DHABI COMMERCIAL BANK LTD.
	ALLAHABAD BANK
	AMERICAN EXPRESS BANK
	ANDHRA BANK
	ANZ INVESTMENT BANK
	APEEJAY FINANCE LIMITED
	APEX BANK
	AWASH INTERNATIONAL BANK
	BANK OF AMERICA NT & SA
	BANK OF BAHRAIN & KUWAIT
	BANK OF BARODA
	BANK OF BARODA MUTUAL FUND
	BANK OF CALIFORNIA
	BANK OF CREDIT & COMMERCE INTERNATIONAL OVERSEAS LTD
	BANK OF INDIA
	BANK OF MAHARASHTRA
	BANK OF NOVA SCOTIA ASIA LTD
	BANK OF OMAN
	BANK OF RAJASTHAN LTD
	BANK OF SCOTLAND
	BANK OF TOKYO-MITSUBISHI
	BANK OF TOYOTA & MITSUBISHI LTD
	BARCLAYS BANK PLC
	BAREILLY CORPORATION BANK
	CANARA BANK
	CANBANK MUTUAL FUND
	CENTRAL BANK OF INDIA
	CHASE MANHATTAN BANK
	CITIBANK, N. A.
	CORPORATION BANK
	CREDIT LYONNAIS
	DENA BANK
	DEUTSCHE BANK A. G.
	DEVELOPMENT CO-OPERATIVE BANK LTD
	DRESDNER BANK A.G.
	EMIRATES BANK INTERNATIONAL
	EXIM BANK
	FEDERAL BANK
	FUJI BANK
	GRINDLAYS QATAR BANK
	HABIB BANK
	HAMBROS BANK LTD
	HONGKONG & SHANGHAI BANKING CORPORATION LTD
	IDBI BANK LTD.
	IFCI LTD.
	INDIAN BANK
	INDIAN OVERSEAS BANK
	INDSIND BANK
	IREDA LTD.
	JALGAON JANATA SAHAKARI BANK LTD
	KARNATAKA BANK
	KHEDA PEOPLE’S CO-OPERATIVE BANK LTD
	LLOYDS TSB BANK
	MACQUARIE BANK
	MASHREQ BANK
	MERRILL LYNCH INTERNATIONAL BANK
	MIDDLE EAST BANK LTD
	MUMBAI DISTRICT CENTRAL CO-OPERATIVE BANK LTD
	MUNICIPAL CO-OPERATIVE BANK LTD
	NATIONAL HOUSING BANK
	OMAN INTERNATIONAL BANK
	PUNJAB & SINDH BANK
	PUNJAB NATIONAL BANK
	QATAR ISLAMIC BANK
	RABO BANK LTD
	ROYAL BANK OF CANADA
	SAHYADRI SHAKARI BANK LTD.
	SBI COMMERCIAL & INTERNATIONAL BANK LTD.
	SBI HOME FINANCE
	SCHWEIZERISCHE VOLKS BANK
	SEB MERCHANT BANKING
	SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA
	STANDARD CHARTERED BANK
	STATE BANK OF BIKANER & JAIPUR
	STATE BANK OF HYDERABAD
	STATE BANK OF INDIA
	STATE BANK OF INDORE
	STATE BANK OF PATIALA
	STATE BANK OF SAURASHTRA
	SUMITOMO BANK LTD
	SYNDICATE BANK
	TAIB BANK
	THE BANK OF NEW YORK
	THE BANK OF NOVA SCOTIA
	THE KAPOL CO-OPERATIVE BANK LTD
	THE NASIK MERCHANTS CO-OPEARTIVE BANK LTD
	THE SANGLI BANK LTD
	THE SARASWAT CO-OPERATIVE BANK LTD
	THE VYASYA BANK LTD
	THE WORLD BANK
	TORONTO DOMINION BANK
	TOURISM FINANCE CORPORATION OF INDIA
	UNION BANK OF CALIFORNIA INTERNATIONAL
	UNION BANK OF INDIA
	UNION BANK OF SWITZERLAND
	UNITED BANK OF INDIA
	UNITED INDUSTRIAL BANK LTD
	USB INVESTMENT BANK
	UTI BANK LTD
	VASAI VIKAS SAHAKARI BANK
	VIJAYA BANK
	VYASA BANK LIMITED

Back