Deal Closed | Payne Realtors Private Limited | Corporate Insolvency Resolution Process

The details of the deal are as under:

Sector: Real Estate

Completion Date:24-Aug-2020

Name of Client: PricewaterhouseCoopers Professional Services LLP (PwC)

Name of Target: Payne Realtors Private Limited

Deal Description: Khaitan & Co advised the Resolution Professional and PwC in relation to the entire corporate insolvency resolution process of Payne Realtors Private Limited including the negotiation on the resolution plans. The resolution plan submitted by City Gold Entertainment Limited has been approved by the NCLT and being implemented.

Total Consideration: USD 4.1 million

Team Members: Siddharth Srivastava (Partner) and Harshit Khare (Principal Associate)

Role of Firm:Advisory to the Resolution Professional and PwC Team in relation to the corporate insolvency resolution process of Payne Realtors Private Limited.\

Financial Advisors: PricewaterhouseCoopers Professional Services LLP

Other legal advisors if any with names of Lead Lawyers: Krishnamurthy & CO