Zeeshan Khan

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Zeeshan is a Partner in K Law’s Debt Restructuring, International Banking, Insolvency and Bankruptcy, Banking and Finance, and Banking Litigation practices, advising clients on banking finance, project finance, debt restructuring, insolvency and bankruptcy, and enforcement advisory. With 10+ years of experience, he regularly acts on complex financing and distressed debt resolution matters across sectors such as banking and financial services.

Before joining K Law, Zeeshan was associated with Shardul Amarchand Mangaldas & Co, AZB & Partners, DSK Legal, and Link Legal, and also worked as the in-house counsel at a major nationalised bank of India’s head office in Mumbai.

Zeeshan has advised and represented the following key clients in his areas of expertise:

Debt Funding:

  • Advised ICICI-Bank-led consortium, in its lending aggregating to INR 400 crores to an Indian company in real estate development, which is a wholly owned subsidiary of a Singaporean entity
  • Advised Axis Bank on a debt-asset swap valued at INR 830 crores, which included preparing the agreement to sale for purchase of the properties situated in Noida and mortgaging them in favour of Axis Bank, which prevented the account from turning into Mumbai upon adjusting the sale consideration against the outstanding amount 
  • Advised Laxmi Vilas Bank on the subscription to unlisted, zero-coupon, redeemable, non-convertible debentures of the nominal value aggregating to INR 91 crores. The deal involved the conversion of outstanding amounts granted by the Laxmi Vilas Bank in the form of a term loan into zero-coupon bonds
  • Advised Birla Sun Life Asset Management Company Ltd in relation to its subscription of 350-rated, zero-coupon, unlisted, redeemable, non-convertible debentures, aggregating to INR 350 crores.
  • Advised SBI Funds Management Pvt Ltd, acting for and on behalf of SBI Mutual Fund, in connection with the subscription of certain rated, unlisted, non-convertible debentures issued by Emami Infrastructure Ltd, aggregating to INR 250 crores
  • Advised Avendus Finance Pvt Ltd in respect of an assignment of loan with underlying security to the extent of INR 45,00,00,000 from Indostar Capital Finance Ltd
  • Advised Rattan India Finance Ltd in connection with the subscription of 1,500 senior secured, listed, non-convertible, redeemable debentures aggregating to an amount upto INR 150 crores

International Banking:

  • Acted as Indian legal counsel in advising Bank of Baroda, London, on financing a USA-based subsidiary of an Indian holding company for acquiring assets in a target company in the USA
  • Advised and assisted State Bank of India, London, on an acquisition financing aggregating to USD 350 million, only to facilitate the acquisition of an Israel-based company by a wholly-owned subsidiary of TVS Group
  • Advised the ICICI Bank, Dubai branch, on transaction documents relating to a term loan of USD 45 million granted to a Singapore subsidiary of an Indian parent, backed by the corporate guarantee of the Indian Parent
  • Advised State Bank of India (acting through its IFSC Banking Unit, GIFT City Branch opinion in relation to its financial assistance to Kotak Mahindra Bank aggregating to USD 70 million
  • Advised ICICI Bank, Bahrain branch, in relation to funding a subsidiary of an Indian Shipping Company for a facility amount aggregating to USD 80 million against the corporate guarantee of an Indian Parent and mortgage of a ship owned by the wholly-owned subsidiary registered in Panama
  • Advised Axis Bank Limited, DIFC branch, Dubai, in relation to a term loan facility aggregating to USD 40 million granted to a step-down subsidiary of an Indian parent against the properties mortgaged and guarantees provided by the Indian parent and the Indian promoter
  • Advised Union Bank of India UK Limited, London, in connection with the grant of USD 100 million to a Jain Irrigation Group wholly-owned subsidiary incorporated in London for the acquisition of a Netherlands-based entity
  • Advised Bank of Baroda, Dubai (DIFC) branch, in relation to part financing of the project cost for the installation of a windmill, by a company for a debt facility of USD 140 million. Reviewed the English law-governed loan agreements and drafted the security and guarantee agreements
  • Advised ANZ Singapore in relation to the guarantees and securities provided by JSW Steel Limited, India, to secure the facilities extended to JSW Steel Holdings (USA) Inc
  • Advised and assisted Union Bank of India, Belgium, in respect of an offshore funding aggregating to USD 80 million to a wholly-owned subsidiary of a Mumbai-based jewellery company.
  • Advised SBI, Hong Kong, in connection with the grant of ECB facilities to the Power Finance Corporation aggregating to USD 250 million in a single tranche
  • Advised Union Bank of India, Hong Kong, in connection with the grant of a term loan facility aggregating to USD 5 million for the construction of a luxury hotel in Hyderabad to an Indian hotel conglomerate
  • Advised ICICI Bank Limited, Singapore branch, in connection with a corporate guarantee issued by PSL Limited to secure an ECB facility aggregating to USD 10 Million granted to a Singapore-based offshore step-down subsidiary of PSL Limited


Insolvency Advisory: 

  • Advised and represented the Resolution Professional, Abhijit Guhathakurta (RP) and the Deloitte team in relation to one of the largest and the first-ever consolidated corporate insolvency resolution processes of 13 Videocon Group Companies with a total admitted financial debt of INR 61,000 crores.
  • Advised the Resolution Professional and the PWC team in relation to KSK Mahanadi Power Limited, one of the largest corporate insolvency resolution processes in the Indian Power sector, with an aggregate debt of about INR 14,000 crores
  • Advised and represented the Committee of Creditors and Resolution Professionals, Navneet Kumar Gupta and the Grant Thornton team, concerning the corporate insolvency resolution process of SEL Manufacturing Company Ltd (SELM), a company based out of Ludhiana, Punjab. 
  • Led the successful implementation and takeover of SELM by a consortium of Arr Ess Industries Pvt Ltd and the Dubai-based Leading Edge Commercial FZE (acquirer) at an aggregate consideration of about INR 1,200 crores, which was amongst the first and the largest successful takeovers under the insolvency regime in North India.
  • Advised and represented the liquidator in relation to the liquidation process of Lanco Infratech Ltd and negotiated and finalised the resolution plans submitted by resolution applicants in the liquidation process.
  • Advised the Monitoring Committee of Aircel Group of Companies, including Aircel Ltd, Dishnet Wireless Ltd and Aircel Communications Ltd
  • Advised and represented a resolution professional in relation to the corporate insolvency resolution process of Reliance Communications Ltd, Reliance Telecommunications Ltd, and Reliance Infratel Ltd 
  • Advised and represented the committee of creditors and the resolution professional in relation to the corporate insolvency resolution process of IVRCL Ltd
  • Advised and represented the resolution professional in relation to the corporate insolvency resolution process of Sterling Biotech Ltd
  • Advised and represented the resolution professional in relation to the corporate insolvency resolution process of ICOMM Tele Ltd and the successful implementation of the resolution plan, resulting in the takeover of the company by the successful resolution applicant
  • Presented a research paper at the International Conference on Corporate Governance Norm, Kolkata, organised by the Ministry of Corporate Affairs. The paper was awarded the Thomson Reuters Second Best Paper Award and published in the proceedings journal of the conference, ISBN 978-81-907741-2-3
  • Member of the Bar Council of Maharashtra & Goa (2014)
  • Guest Speaker at more than 15 corporate conferences organised at various events by CII, FICCI, ASSOCHAM, and others, organised by publishing houses and private organisers in Mumbai from 2013 to 2019
  • Presented a research paper titled Issues and concerns of migrant workers in Asia at the Regional Conference on Labour Law and Labour Market held at Kuala Lumpur, Malaysia, jointly organised by the International Labour Organisation and the International Islamic University, Malaysia
  • Presented a research paper titled Refugee Protection in India at the International Seminar on Comparative Laws held in Kuala Lumpur, Malaysia. The paper was published in the proceedings journal of the conference, ISBN 978-983-4
  • B.A, LL.B. (Hons.), Gujarat National Law University (2010)
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