Vaibhav R. Soni

Presently working with IndusInd Bank Ltd since December 2021.

Work Profile

1. Drafting and vetting of Security documents like Memorandum of Entry, Declaration and Undertaking (Equitable Mortgage), Agreement for Pledge of Shares, Deed of Hypothecation, Non-disclosure Agreement, Facility Agreement, Security Trustee Agreement, Indenture of Mortgage, Escrow Agreement, Facility Agent Agreement and advising on various legal issues for Wholesale Banking (Corporate Banking, Healthcare and Small and Medium Enterprise) (West, East and South Zone) and IBU segment.

2. Advising of various legal issues for Small Business Banking Group and Business Banking Group Segment of the Bank.

3. Vetting of Counter Indemnity, Letter of Comfort / Letter of Credit and Bank Guarantees issued by other banks and vetting of Letter of Comfort / Letter of Credit to be issued bank for NBFC’s.

4. Review and finalisation of pari passu letter for security creation and NOC’s in respect of IPO, Buy-back of shares and for release of security in terms of internal approval.

5. Providing of legal advise on issues of stamp duty payable on the documents across various states in India as per the guidelines of the bank.

6. Vetting and closure of Title search report of the advocate in respect of the immovable property offered as security to the bank.

7. Vetting of Legal opinion issued by counsel in respect documents executed for loan credit facilities.

8. Vetting of Payment Aggregator Service Agreement and Referral Agreement.

9. Vetting of mortgage and guarantee deed to be executed in jurisdiction outside India and attending conference call with the lawyer.

10. Attending conference call with law firms and borrower for finalization and closure of documents for loan transaction.

10. Involved in standardization of documents of the bank pursuant to circulars issued by RBI.

11. Vetting of Bank Guarantees, Standby Letter of Credit, Counter Standby Letter of Credit to be issued by and in favour of bank and advising on invocation of bank guarantees.

1. Preparation and review of Security Trustee Agreement, Deed of Hypothecation, Indenture of Mortgage, Inter Creditor Agreement, Escrow Agreement, Share Pledge Agreement, documents pertaining to creation of Mortgage by Deposit of Title Deeds, Safe Keeping Agreement, Release Deed.

2. Filing of charge with the Registrar of Companies, CERSAI under the SARFEASI Act, 2002, and filing of Notice of Intimation with the Sub-Registrar in respect of the security created for the benefit of the Lenders.

3. Ensuring the deposit of compliance documents by the parties to the documents.

4. Coordinating with the Advocate for filing of Written Statement in Debt Recovery Tribunal, City Civil Court.

5. Filing of claim with the Resolution professional under Insolvency and Bankruptcy Code, 2016 in respect of claim of the company.

6. Issuance of Notice under the SARFEASI Act, 2002, in consultation Lenders.

7. Issuance of Notice for Invocation of Shares of a company given as Security.

8. Issuance of Holding letter to the Lenders for the documents held, creation of security and compliance done under the laws.

9. Ensuring Safe Custody of the documents for the cases handled.

10. Assisting the Auditor appointed by the bank for conducting of Legal Audit for security and other documents in respect of the credit facility.

11. Execution of documents on behalf of the company.

1. Creation of loan documents like Mortgage Deed, Deed of Hypothecation, share Pledge Agreement and other necessary documents as per the sanction terms provided by the Lender and filing of various compliances on behalf of the Bank / Financial Institution with the government authorities like Registrar of Companies Under the Companies Act, 2013, Sub- Registrar of Assurances under the Registration Act and CERSAI.

2. Release of Securities and drafting, preparation of documents for release of securities as per the instruction of the Bank / Financial Institution.

3. Preparation of Monthly MIS and Communicating the same to the Bank / Financial Institution for perfection of Security.

v At the Chamber of Advocate Mr. Amardev J. Uniyal handled work of-

1. Drafting of Plaints, Written Statement, under the Maharashtra Rent Control Act, 1999 and also drafting of Suit under the Specific relief Act.

2. Drafting of Revision Application U/s 34 of the Maharashtra Rent Control Act, 1999.

3. Drafting of Application for appointment of court commissioner, Application for framing of preliminary issues, Application for Condonation of delay and filing of reply and Rejoinders to various applications under Civil Procedure Code, 1908.

4. Drafting of Complaint for the Security Guard Board for Greater Mumbai & Thane District, Under the Maharashtra Private Security Guards (Regulation of Employment and Welfare) Act, 1981.

5. Drafting of Written statement for Security Guard Board for Greater Mumbai & Thane District under MRTU and PULP Act.

6. Involved in research of case law on a particular subject matter.

7. Appearance at the High Court, Small Cause Court, Consumer Court, City Civil Court Mumbai, Session Court, Labour Court.

8. Drafting of Written Arguments in Revision Application under the Maharashtra Rent Control, 1999, for Eviction of Licensee.

9. Presented Arguments Before the Consumer Forum for Admission of Consumer Complaint.

At Makhija & Associates handled work of Registration of Trade mark and copyright and drafting of notices of infringement of Trade mark.