Mr. Oberoi has over twelve years’ experience in working with banks, Public Sector Undertakings (PSU), leading listed Companies, Government of India, State Governments, Consultants, Advisors, and esteemed organizations like World Bank, Asian Development Bank. His key areas of practice include debt finance, including domestic and cross border syndicated lending (both secured and unsecured), asset sales and corporate financing and refinancing; Securitization; Real Estate Finance, including housing finance companies in transactions relating to securitization of housing loans.

Mr. Oberoi was previously working with SBICAP and has handled portfolio exceeding Two Trillion (INR 2000.00 Billion) under consortium and multiple banking arrangement. Handling security creation & perfection for India’s leading Companies representing sectors like Steel, Oil & Gas Exploration, Power Generation and Infrastructure.

Mr. Oberoi has extensive experience in:

• Drafting and vetting of finance documents viz. Loan Agreement, Security Trustee Agreement, Share Pledge Trustee Agreement, Inter Creditor Agreement for banks, financial institutions, and non-banking financial companies.

• Drafting and vetting of security documents viz. Deed of Hypothecation, Indenture of Mortgage, memorandum of entry, pledge deed, personal guarantees, corporate guarantees, sponsor support undertakings, trust & retention agreement and other related documents.

• Negotiation of Escrow Agent transactions involving Foreign/Indian investment.

• Rendering legal opinion on matters related to application of stamp duty, registration of documents, title search and verification of property, enforceability of security.

List of key Transactions:

• Negotiation of Loan and Security documents, security creation in form of mortgage, hypothecation and pledge, security perfection in form of filing charge with ROC & CERSAI, Disclosure filings with SEBI, for consortium of lenders led by State Bank of India, consisting of more than 20 lenders, pooling of security under one trustee for M/s Jindal Steel & Power Limited for an exposure exceeding 28,000 Crore. Finalized documents relating to mortgage of over 1700 title deeds and filing of charge with Central Registry consisting of 4000 entries; and successively closure of all legal aspects during challenging times of pandemic Covid-19.

• Negotiation and Finalization of Loan Transaction between “M/s Hindustan Urvarak & Rasayan Limited” and SBI led consortium for facilities exceeding Rs. 15000 Crore.

• Headed the Loan Transactions between “Jindal Stainless Limited (JSL Group companies) and Lenders like State Bank of India, ICICI Bank, Axis Finance Limited, RBL Bank Limited, Axis Bank Limited etc. under multiple banking arrangement and consortium banking, Security creation & perfection, filing of compliances, charge filing with ROC & CERSAI, Disclosure Filing with SEBI.

• Acted as Lenders Legal Counsel (LLC) to “M/s NKG Infra Limited” and “SBI led Consortium” for facility exceeding 1100 Crore.

• Acted as Lenders Legal Counsel (LLC) to “M/s PNB Housing Limited” and “SBI” for facility exceeding 2000 Crore.

• Acted as Lenders Legal Counsel (LLC) for Power Finance Corporation Limited for facility exceeding 200 Crore for setting up of Solar Power Plant near Jodhpur, Rajasthan.

• Acted as Security Trustee for Solar Energy Corporation of India (SECI) for their Viability Gap Funding Facility to more than 45 Solar Power Generation Companies including ACME Group, AZURE Group etc. creation of security such as Mortgage, Hypothecation and Pledge.

• Acted as Escrow Agent for State Bank of India led consortium and DARCL Logistics Limited, logistic based company, Gurgoan. Successfully transferred equity shares from 70 shareholders across India to South Korea based Investor against FDI exceeding 350 Million USD. Drafted Escrow Agent Agreement, Power of Attorney, Undertakings, Indemnity Bonds etc.

• Acted as Security Agent & Escrow Agent for State Bank of India led consortium and SEL Manufacturing Limited, a Ludhiana based listed company under insolvency resolution process pursuant to NCLT order. Negotiated Escrow Agent Agreement, Power of Attorney, Undertakings, Indemnity Bonds etc.