Khaitan & Co advised Axis Bank Limited on the grant of a rupee term loan facility of INR 750 crores (Facility) to JSW Steel Limited (Borrower). The Facility is secured by a first pari passu charge by way of hypothecation on all the moveable fixed assets of 3 MTPA coke oven plant (Phase I & II of 1.5 MTPA each) (excluding certain assets specifically carved out), situated at Dolvi works, in the state of Maharashtra.
The core team consisted of Manisha Shroff (Partner), Arijit Sarkar (Counsel), Sriram Madhav Kommu (Senior Associate) and Aparna Arya (Associate).
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