Fox & Mandal Logo
&CAPABILITIES

Banking & Finance

The constant evolution in India’s banking laws has forced businesses to continually adapt to the emerging requirements, underlining the need for effective counsel while navigating sector reforms and crisis-driven regulatory shifts. We handhold our clients across the full spectrum of financial transactions, enabling banks, financial institutions, and corporate borrowers to structure transactions, ensure ongoing compliance, mitigate risk, and effectively leverage emerging opportunities.

F&M banking and finance legal services

Our Banking & Finance team delivers tailored advice on a broad range of financing solutions, including syndicated lending, structured finance, acquisition finance, asset-based lending, and debt capital market transactions. We offer deep expertise in cross-border financings, emerging market transactions, and novel financial structures, ensuring clients receive jurisdictionally relevant, commercially sound, and regulatory-compliant solutions.

The team provides comprehensive legal counsel on both domestic and international financial transactions including high-yield bonds, securitisation, and real estate finance, supporting lenders, borrowers, lead managers, and issuers. Our lawyers represent a diverse range of clients, including commercial and investment banks, non-banking financial institutions, private equity sponsors, and fintech companies, advising them on regulatory compliance, risk management, and dispute resolution in an increasingly scrutinised operating environment.

Our experience spans financial regulatory frameworks, capital adequacy requirements, and enforcement matters, positioning us as a trusted partner in navigating the dynamic ecosystem of evolving, laws, regulations, and SOPs mandated by the government and the sector regulator (Reserve Bank of India). Our cross-disciplinary approach integrates expertise from our corporate, tax, and dispute resolution teams, enabling us to provide seamless, end-to-end support.

Service offerings

  • Syndicated lending, acquisition finance, asset-based lending, leveraged finance, structured finance, distressed asset financing, and project finance and commercial mortgage-backed securities (CMBS)

  • Debt transactions involving high-yield bonds, securitisation, private placements, and hybrid financial instruments

  • Compliance with banking regulations, financial sector reforms, capital adequacy, and anti-money laundering (AML) norms

  • Representation in enforcement actions, investigations, and litigation before regulatory bodies and Courts

Representative matters

Softbank on its Series C investment of USD 250 million (INR 2,198 crore) in Zeta Investment Holdings Pte Ltd by way of subscription of primary securities.
Kilburn Engineering Ltd, RBL Bank Ltd, and Firstview Trading Pvt Ltd on the restructuring of certain facilities extended to Kilburn Engineering Ltd by RBL Bank Ltd under the Reserve Bank of India (Prudential Framework for Resolution of Stressed Assets) Directions, 2019.
Bengal Aerotropolis Projects Ltd on structuring and drafting documents for loan transactions for the Durgapur airport project, along with their JV partner, Changi Group (Singapore) Pte Ltd.
Apeejay Global Industrial and Logistic Park Ltd on availing of certain secured loan facilities from Kotak Mahindra Bank Ltd.
Indusind Bank on the acquisition and setting up of the Eastern Regional office and branch office.
CFM Asset Reconstruction Pvt Ltd on defending a challenge to assignment of debt in its favour and recovery of loans in excess of INR 500 crore.
Union Bank of India on recovery proceedings before the Court of First Instance, Dubai International Financial Centre, wherein the Court held the borrower liable to pay approximately USD 2 million along with interest.
Axis Bank on defending a challenge to the declaration of a borrower as an NPA before the Supreme Court of India.
Promoters of PSL Ltd on defending claims of over INR 5,000 crore of various banks before the DRT.

Recent developments and recognitions

Saurav Bhaumik joined the partnership as an Associate Partner
&INSIGHTS

Global perspectives and expert insights

Addressing the issues that matter most to our clients

Online Execution Of Loan Agreements1
ARTICLE | APRIL 23, 2025
Online execution of loan agreements