Khaitan & Co acted as the legal advisor to Amalgam Steel Private Limited (“Amalgam”), on implementation of resolution plan of Crest Steel and Power Private Limited.
NO | HEADINGS | DETAILS |
3. | Sector | Power and Steel |
5. | Completion Date | 04-Apr-2022 |
6. | Name of Client | Amalgam Steel Private Limited |
11. | Deal Description | Implementation of resolution plan and assignment of debt. |
14. | Total Consideration | INR 301 crore |
16. | Team Members | The core team consisted of Kumar Saurabh Singh (Partner), Rajeev Vidhani (Partner), Arindam Sarkar (Partner), Prithwijit Gangopadhyay (Partner),Vivek Mishra (Principal Associate), Ashwij Ramaiah (Senior Associate) and Anwesha Sinha (Associate) |
17. | Role of Firm | Acted as the legal advisor to Amalgam Steel Private Limited (“Amalgam”), on implementation of resolution plan of Crest Steel and Power Private Limited (“Corporate Debtor”) through assignment of debt from financial creditors led by State Bank of India and acquisition of shares of the Corporate Debtor. The resolution plan was implemented as a joint venture between Amalgam and Nithia Capital Resources Advisors LLP (“Nithia”), successful resolution applicant to the resolution plan which was approved by the National Company Law Tribunal, Cuttack Bench. |