HSA Advocates




HSA Advocates has a commanding reputation in the market as a preferred firm for energy, construction and infrastructure work. This year the firm moves up in the R&I and tax tables, and achieves recognition for its real estate and aviation offerings. Sophisticated clients know this is the firm for complex, multi-party, long-term infrastructure projects, as it has decades of experience working with all stakeholders from the beginning to the end of a project life cycle. The firm provides a complete suite of solutions for development, financing, transactions, restructuring and dispute resolution support. The firm is routinely found advising on power, road, port, airport, oil, gas, clean energy and special economic zone projects. Founding partner and projects legend Hemant Sahai is a key contact.  Partner Monali Dutta left Advaita Legal to join HSA last summer, bringing her aviation and projects expertise to the firm. The M&A group was also bolstered by the arrival of partner Ravi Jain from Economic Laws Practice last year.

Client feedback

“Proactive, prompt and sincere.” – Dispute resolution

Amrita Narayana

“She is sincere and always approachable. She takes initiative.”

Dispute resolution

Work highlights 

Successfully represented Bundl Technologies before the NCLT relating to partial payments of monthly licensing fees.

Acted for Coromandel International on initiating an arbitration against National Insurance company over its failure to reimburse the entire claim amount as mentioned in the policy, which covered damages due to fire at the client’s warehouse. Ultimately the arbitration culminated in the award been passed in favour of the client.

Advised Mumbai Port Trust on a contentious matter relating to the employees of the Mumbai Port Authority over vaccination certificates.

Key clients

Asset Reconstruction Company India, Assystem, ICICI Bank, Latoya Mistral Ferns

Restructuring and insolvency

Work highlights

Acting for Asset Reconstruction Company India before the Supreme Court on filing a company petition to initiate the insolvency process.

Assisting the RP of Fedders Electric and Engineering on the company’s pending unwinding.

Representing Pramerica Life Insurance on proceedings before the NCLAT as creditors and debenture holders in a few of IL&FS companies that have gone bankrupt.

Corporate and M&A

Work highlights 

Advised Assystem on its $25 million acquisition of the entire shareholding of STUP Consultants Private, a sole proprietorship architecture firm.

Acted for Greaves Cotton on its subsidiary’s strategic investment into MLR Auto.

Advised Green Hydrogen and Chemicals SPC on their strategic partnership that will provide technology licenses, engineering, proprietary equipment, catalyst, and commissioning services for a green ammonia plant.

Key clients

Apollo Infratech, DS, Expo Digital India

Banking and finance

Work highlights 

Engaged by Rural Electrification Corporation and Power Finance Corporation to draft the amended and restated financing and security documents on account of change in shareholding of Teesta Urja post the refinancing of the other lenders’ debt.

Acting for Mytrah Vayu on its financing and security documents related to a $225 million loan from Overseas Private Investment Corporation for the implementation of a wind farm in Maniyachi.

Advised Power Finance Corporation on its loan to Adani Solar Energy relating to its solar power project in Rawara.

Key clients

Axis Bank, Bank of Baroda, Indian Renewable Energy Development Agency, Renew Sun Energy


Work highlights

Advised National Industrial Corridor Development & Implementation Trust (NICDIT) on the development of an industrial township at Jodhpur Pali Marwar Industrial Area Investment Region and in Khushkheda-Bhiwadi-Neemrana Investment Region under the Delhi Mumbai Industrial Corridor (DMIC) Project by and the Government of Rajasthan through an SPV, which is to be incorporated.

Advised Vizhinjam International Seaport on the complete legal framework regarding the development of a greenfield deep-water multi-purpose seaport. [KL1] 

Represented Amritsar Kolkata Industrial Corridor on the legal, regulatory, and institutional framework for the development of an integrated manufacturing cluster and industrial township and functioning of the related SPV.

Key clients

Adani Properties, Ministry of Defence, Niti Aayog

Real estate

Work highlights

Engaged by PFC for creating of mortgage and collateral in favour of Adani Solar Energy Chitrakoot One for the establishment of a solar power plant.

Acted for REC by conducting comprehensive due diligence on subject lands acquired by Avada Sunce Energy for a solar power project.

Conducted due diligence of land parcels for Bastile Solar Power in relation to a solar power project situation in Rajasthan.

Key clients

Acme Solar Holdings, Experion Developers, ReNew Power