Dhir & Dhir Associates advises IIFCL on Takeout Finance Scheme availed by MB Power

India Infrastructure Finance Company Limited (IIFCL) sanctioned and disbursed a takeout facility aggregating to ₹1,000 crore under its Takeout Finance Scheme to MB Power (Madhya Pradesh) Limited, a group company of Hindustan Power.

Dhir & Dhir Associates acted as Lenders Legal counsel to IIFCL. The Firm's scope of work was not limited to drafting of financing and security documents for securing the takeout facility but also involved discussions and negotiations with the existing consortium lenders and their counsel.

The firm provided its legal opinion for over more than 400 litigations pending against or by the MB Power, conducted a title search over the project land admeasuring 2,034.13 Acres (including leased and private land) and provided its opinion on the title of the MB Power.

The transaction team consisted of Sachin Gupta (Senior Partner), Guranpreet Singh Sarna (Partner), Shikha Singh (Principal Associate), Shruti Choudhary (Senior Associate) and Arpana (Associate).

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