Summary
Overview
Work History
Education
Skills
Accomplishments
Certification
Timeline
Generic
PREMIT S CHOPDA

PREMIT S CHOPDA

Legal Counsel

Summary

Over 13 years of experience in financial services. Experience includes deal analysis, deal structuring, execution, asset management and dispute resolution across various sectors including infrastructure, real estate, automobile component manufacturing, specialty chemicals, hospitality, pharmaceuticals. Strategies worked on include special situations, distressed debt, restructurings, distress-to-control, convertibles, private equity and control transactions.

Overview

15
15
years of professional experience
4
4
Certifications

Work History

Transaction Counsel

India Resurgence Fund - a partnership of Bain Capital and Piramal Enterprises
Mumbai
2020.11 - Current

A. End-to-end involvement in the investments right from structuring, finalizing deal terms, preparing slides for investment committee over downside protection/ deal contours, deep-dive diligences for Legal, Forensic and Anti-bribery & Anti-corruption, negotiating and finalizing investment documents, handling funding closure, asset management and exit work around.

B. Sectors

  • Infrastructure – Road asset – handled diligence issues around holding company restrictions, issues in relation to concession agreement which involved meetings with NHAI and its consultant, FEMA issues in relation to shareholding of concessionaire, handled exit related negotiations and currently managing the assets.
  • Specialty Chemicals – handled large restructuring of debt and equity, IPO as a selling shareholder.
  • Auto Component Manufacturing – this deal involved business transfer from a listed company, funding via debt, equity and convertibles at multiple layers of the group, ring fencing the investee company from defaults at other group companies. Currently managing the asset.
  • Hospitality – this is a special situation control transaction which involved heavily negotiated shareholders' agreements and complex capital structuring. Being a control deal, involvement for managing the asset is high.
  • Diligence and structured investment proposals from other sectors like cement, real estate, financial services and pharmaceuticals.

Assistant Vice President

Piramal Capital
Mumbai
2017.06 - 2020.10

A. Established legal processes including documentation, manner of execution of finance documents, asset management from legal perspective for a newly established business vertical

B. Structuring financing proposals, participating in the committee discussions, drafting, negotiation and finalization of financing documents and asset management in the matters of: (i) Corporate Loans; (ii) Project Financing; (iii) Loan against property; (iv) Lease rental discounting; (v) Loan against receivables; and (vi) Loan against securities

C. Designing recovery strategies for various finance transactions under mezzanine debt, corporate loans, LAP, LRD provided to borrowers in sectors like infrastructure and transport sector

D. Led the resolution processes under the Insolvency and Bankruptcy Code, 2016 as a financial creditor, drawing strategy in consultation with other COC members, external counsel and business team

E. Handled an invocation of personal guarantee, Enforcement of mortgage, Initiated criminal proceedings against the borrower including lodging complaint before Economic Offence Wing, police and action under section 138 of Negotiable Instruments Act

F. Successfully worked on exit processes in various finance deals

G. Closed documents on behalf of Piramal Capital with the platform for trade receivable discounting with MSME vendors

H. Got Piramal NBFCs empaneled with MIDC.

Senior Manager

ICICI Bank Limited, CLG
Ahmedabad
2015.09 - 2017.06

A. Review of financing proposals, sanction letters, financing documents, security documents; advising security structures and opining on the security created in the matters of:

  • Structured Financing
  • Corporate Banking including working capital facilities
  • Project Funding
  • Construction Funding
  • Retail Banking including Branch Banking; and
  • Commercial Banking

B. Corporate Litigation: Debt recovery actions under SARFAESI Act, 2002; Proceedings under Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (DRT Act) and Winding- up Petitions.

Senior Manager

L&T Infrastructure Finance Co Ltd
Mumbai
2013.08 - 2015.09

A. Review of financing proposals, sanction letters, financing documents, security documents and advising security structures in the matters of:

  • Project Financing – road (NHAI) projects, solar projects, wind projects, transmission projects
  • Corporate Finance
  • Acquisition Finance
  • Purchase of receivables
  • Real estate financing – lease rental discounting, construction funding; reviewing project related documents
  • Infrastructure Debt Funds (IDF) transaction
  • Restructuring transactions (CDR route and non-CDR route).

B. Drafting, negotiating and finalizing of:

  • Service level agreements.
  • Software license agreements and
  • CSR related agreements

C. Part of legal team in launching working capital products by NBFC.

Associate

SJ Law Advocates and Solicitors
Mumbai
2010.04 - 2013.08

A. Led the team/assisted as one of the team members in drafting and negotiation as a lenders' legal counsel for project financing of the following groups:

  • NHAI road project of IJM Group.
  • NHAI road projects of Madhucon Group.
  • NHAI road project of SEW Infrastructure.
  • NHAI road projects of Essel Group.
  • NHAI road project of IL&FS Group.
  • A thermal power project and a real estate project of Hinduja Group.
  • An infrastructure project and an offshore container terminal of Gammon Group.
  • Setting up cement manufacturing plant of Patni group.
  • Laying of Transmission Lines of The AES Corporation.

The scope of work involved (i) drafting, negotiation and finalization of the finance documents; (ii) obtaining foreign counsel opinion if required; (iii) opining on validity and enforceability of the financing documents.

B. Negotiated legal documents in a capacity as a borrower's legal counsel.

Undertaken due diligence of the project companies; involving vetting of the project documents, land related documents and development agreements, title search of the land, clearances, approvals and scrutiny of the corporate structure related to various projects.

Intern

SJ Law Advocates and Solicitors
Mumbai
2009.10 - 2009.10

Intern

Jyoti Sagar & Associate
Mumbai
2008.12 - 2009.01

Intern

Mulla & Mulla, Craigie, Blunt & Caroe
Mumbai
2008.05 - 2008.05

Intern

Manilal Kher Ambalal Law Firm
Mumbai
2009.05 - 2009.06

Intern

Priti & Co. Insurance Law Firm (Adv. Harshad Trivedi)
Mumbai
2009.06 - 2009.06

Education

LLB -

ILS Law College
Pune
2008.06 - 2010.03

B.Sc. - Biotech

NACS College
Ahmednagar
2005.06 - 2007.03

Master of Business Laws (MBL) - Part I -

National Law School of India University
2009.06 - 2010.04

Currency Derivatives Certificate Examination -

NISM (National Institute of Securities Markets)
2008.07 - 2009.06

Skills

    Structured Finance

Private Equity

Special Situations

Control Deals

Restructuring

Dispute Resolution

Accomplishments

    1. Winner of Star Award in “Exemplar of Values – Teamwork” category for the year 2014 -15 by L&T Financial Services.

    2. Drafted proposed “Will Act, 2009” as a part of the ILS Law Commission in 2009.

    3. Made multiple presentations and discussion sessions on relevant topics for the investment teams.

Certification

Certified in the Piramal Leadership Series III - Business Excellence Program

Timeline

Transaction Counsel

India Resurgence Fund - a partnership of Bain Capital and Piramal Enterprises
2020.11 - Current

Certified in the Piramal Leadership Series III - Business Excellence Program

2020-06

Assistant Vice President

Piramal Capital
2017.06 - 2020.10

Senior Manager

ICICI Bank Limited, CLG
2015.09 - 2017.06

Senior Manager

L&T Infrastructure Finance Co Ltd
2013.08 - 2015.09

Associate

SJ Law Advocates and Solicitors
2010.04 - 2013.08

Intern

SJ Law Advocates and Solicitors
2009.10 - 2009.10

Intern

Priti & Co. Insurance Law Firm (Adv. Harshad Trivedi)
2009.06 - 2009.06

Master of Business Laws (MBL) - Part I -

National Law School of India University
2009.06 - 2010.04

Currency Derivatives Certificate conducted by NISM (National Institute of Securities Markets established by SEBI)

2009-06

Intern

Manilal Kher Ambalal Law Firm
2009.05 - 2009.06

Intern

Jyoti Sagar & Associate
2008.12 - 2009.01

Currency Derivatives Certificate Examination -

NISM (National Institute of Securities Markets)
2008.07 - 2009.06

LLB -

ILS Law College
2008.06 - 2010.03

Diploma in Corporate Laws from ILS Law College, Pune

2008-06

Intern

Mulla & Mulla, Craigie, Blunt & Caroe
2008.05 - 2008.05

Intensive Certificate Course in German Language from University of Pune

2006-06

B.Sc. - Biotech

NACS College
2005.06 - 2007.03
PREMIT S CHOPDALegal Counsel