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Kochhar & Co. has recently represented and advised Agrawal Infrabuild Private Limited, the successful resolution applicant, in connection with the submission of a resolution plan of approximately INR 1,200 crores for Ludhiana Talwandi Toll Roads Private Limited (formerly known as Essel Ludhiana Talwandi Toll Roads Private Limited) (“Corporate Debtor”).

Kochhar & Co. advised on the overall resolution strategy for the Corporate Debtor under the Insolvency and Bankruptcy Code, 2016, reviewing the Section 29 information memorandum, the request for resolution plan and evaluation matrix, and the process for submission, evaluation and negotiation of plans. The team also drafted the resolution plan covering debt restructuring, fund infusion, treatment of creditor classes, and issues arising from the NHAI concession and related arbitration proceedings.

The arbitration and litigation aspects of the transaction were handled by were handled by Krishna Vijay Singh (Senior Partner) and Manish Dembla (Partner). All corporate and other aspects of the transaction were advised on and carried out by the team led by Ketan Mukhija (Partner, National Co-Head PE and VC Practice), supported by Deepanshi Trivedi (Senior Associate) and Associates Vrinda Taneja and Anshu Gupta.