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Harsh Arora

Partner
Delhi

Harsh Arora is a member of the Banking & Finance, Real Estate and Infrastructure practice group of the firm with over 24 years of experience advising major international and Indian banks, financial institutions, government bodies, and corporate clients on their debt and equity investments, project financing, real estate and infrastructure transactions in India.

Banking & Finance: Harsh advises on the full range of banking and finance transactions - from vanilla lending and working capital facilities to structured finance, syndicated loans, and debt restructuring. His practice covers facility documentation, security structures, inter-creditor arrangements, enforcement strategies, and regulatory advisory on banking laws and RBI compliance frameworks.

Real Estate: Harsh advises on real estate transactions and development projects, including title searches, land acquisition, joint development arrangements, real estate financing, and regulatory compliance. His practice covers transaction structuring for commercial and residential developments, leasing arrangements, and advisory on real estate laws.

Public-Private Partnerships (PPP): Harsh has extensive experience structuring and advising on PPP initiatives across multiple infrastructure sectors, including bid advisory, concession agreements, risk allocation, and government support mechanisms. His work spans engagements with central and state government authorities, statutory corporations, and private concessionaires, covering both greenfield and brownfield PPP models.

In addition to legal education, Harsh is a member of Institute of Company Secretaries of India.

  • Deutsche Bank: on providing financial assistance, by way of external commercial borrowings, to Dredging Corporation of India for (i) financing supply of dredging equipment by a Netherlands-based shipbuilding company to an Indian-based shipbuilding company; and (ii) payment of up to 100% of premium amount to a Netherlands based insurance company which insured Deutsche Bank against default and political risk arising out of the transaction for which legal opinion was issued on the capacity and enforceability of the facility aspects in addition to opining on the legality, validity and enforceability of financing and security documents.
  • Hindustan Petroleum Corporation Limited (HPCL): on the invitation of bids from various lenders for asset monetisation through securitisation of future cashflows from CODO and DODO retail outlets, in the form of Service Station License Fees / License Fee Recovery paid by retail outlets, for the use of assets installed by HPCL at these retail outlets and drafted, negotiated the financing documents for the term loan of INR 1453.50 crores.
  • REC Limited: on term loan facility of INR 9061.36 crores to JSP Green Wind 1 Private Limited for development of 1400MW wind power projects in the states of Karnataka and Tamil Nadu.
  • Power Finance Corporation (PFC): As lender’s legal counsel to PFC led consortium and SBI led consortium for term loan and working capital facilities of approximately INR 28,000 crores to KSK Mahanadi Power Company Ltd. for developing its coal based thermal power plant based at District Janjgir Champa in the State of Chhattisgarh comprising of Unit 1, 2, 3, 4, 5 and 6 having installed capacity of 6 X 600 MW.
  • BPEA Credit: on the funding to Navayuga Engineering Company Limited through subscription of unlisted, secured, redeemable non-convertible debentures aggregating INR 350 crores for a state highway project.
  • TARC Limited: on issuance of listed and unlisted, secured, redeemable non-convertible debentures aggregating INR 1400 crores to a fund being managed by Bain Capital Credit, L.P. for inter alia repayment of the entire outstanding credit facilities being availed by the entire group.
  • SEIL Energy India Limited: on rupee term loan of INR 250 crores for refinancing the outstanding commercial papers from Kotak Mahindra Bank.
  • International Finance Corporation (IFC) and Directorate of Medical Education and Research, Mumbai: on development of radiology centers with advanced diagnostic equipment on PPP basis at 19 medical college hospitals across the state of Maharashtra.
  • IFC and Bhubaneswar Municipal Corporation (BMC): in relation to building a greenfield municipal hospital on PPP basis in Bhubaneswar and upgrading five dispensaries run by BMC.
  • Ministry of Defence, Government of India: on capital procurement under the Strategic Partnership Model.
  • IFC: on assisting the Government of Jharkhand to augment its health infrastructure (hospitals and diagnostics) through PPP.
  • Government of Goa: on the development of a Greenfield airport at MOPA in Goa on PPP basis.
  • An independent power producer, on the title due diligence of land acquired/to be acquired measuring approximately 5,100 acres in various districts in the state of Rajasthan, for the development of power projects. Our scope included pre-acquisition title due diligence, verification of encumbrances, and issuance of title reports, along with subsequent top-up diligence to confirm valid title, address lender queries, and provide additional reports at the time of mortgage, if required.
  • An independent power producer on pre- acquisition title due diligence of land measuring approximately 244.37 acres located at District Kurnool, Andhra Pradesh.
  • A leading producer of solar modules mounting, on title diligence of land measuring 192.902, in various districts situated in Maharashtra.
  • IndusInd Bank: On the title due diligence of land located in various districts of State of Assam, acquired by Dalmia Cement (North East) Limited for the development of a cement factories and is proposed to be mortgaged to secure the funding being availed by Dalmia Cement (North East) Limited.