HSA Advocates

The firm moved to ‘Outstanding’ in the Construction ranking this year. Rajdeep Choudhury bolsters the dispute resolution practice. The firm strengthens its corporate, dispute resolution and real estate capabilities in Karnataka, a southern state, by merging with Chinmay Mirji's Atman Law Partners.

Banking and finance  

Work highlights 

Assisted, as lenders’ counsel, a group led by State Bank of India on a 3.6GW power plant project financing worth Re28.2 billion to KSK Mahanadi Power.  

Key clients 

Bank of Baroda, ECL Finance, Export Import Bank of India, Orange Power, HDFC Bank, Power Finance, Power Finance, ReNew Power, State Bank of India 

Construction  

Work highlights 

Instructed by Shanghai SIIC Transportation Electric, the team is advising on a myriad of issues with the joint venture with L&T to implement sections of the Mumbai Metro Line III project. Designing and constructing many underground stations and tunnels are part of the traffic-alleviation project. 

Key clients 

Shanghai SIIC Transportation Electric, Solenergi Power 

Corporate and M&A 

Work highlights 

Worked with Ostro Renewable Energy Power on its Re108 billion sale to ReNew Power in one of India’s largest acquisitions ever in the renewables sector. 

Key clients 

Altran, KCT Management Services, Ostro Renewable Energy Power, ReNew Power Ventures, Tata Steel, Rockman Industries 

Dispute resolution  

Work highlights 

Represented Nabha Power against Punjab State Power in a case that reached the Supreme Court. The legal issue related to the power purchase agreement’s energy charges formula. The court also recognised that risk factors beyond the control of a party cannot be imposed on the party when analysing contracts. 

Key clients 

Kotak Mahindra Bank, Lanco, Maharashtra Industrial Development, Nabha Power, Power Grid Corporation of India, Renew Power Ventures, Tata Power Delhi Distribution 

Private equity 

Work highlights 

Assisted I Squared Capital, a US infrastructure investment manager, buy Reliance Communications’ sub-sea cable business, data centre business and other business units.  

Key clients 

Actis’ Sprng Energy, ICICI Venture, I Squared Capital 

Tax 

Work highlights 

Represented Maharashtra Industrial Development against the Income Tax Department before the Supreme Court and Mumbai High Court. A question was whether the rent premium collected by the client, a state of Maharashtra statutory corporation, would be taxable income. The Supreme Court stayed any action by the department. 

Key clients 

Maharashtra Industrial Development  

Client feedback 

“Sectoral knowledge is the most important strength of the firm. Lawyers are experienced in the related fields. Turnaround time is reasonable and pro-business.” – Banking and finance, Restructuring and insolvency 

“Strength is the accuracy of information and structured response.” – Dispute resolution, Labour and employment, Privacy and data protection 

“They focus on relationships with the client. They have in-depth knowledge about the subject matter and provide advice in the best interest of the client.” – Dispute resolution 

“Professional advocates, good capability and experience.” – Corporate and M&A, Dispute resolution 

“Pragmatic, value for money and in-depth knowledge of the industry.” – Banking and finance, Regulatory