L Viswanathan

Partner (Chair – Finance, Projects & Insolvency)

people

Viswanathan has rich experience in Infrastructure and Energy Projects, Project Finance, Banking and Restructuring and Insolvency.

membership

Qualifications

  • 1994 B.A. LLB., National Law School of India University , Bengaluru (India)
expertise

Expertise

Practice Areas

  • Banking and Finance
  • Insolvency & Bankruptcy
  • Infrastructure & Project Finance

Sectors

  • Energy
  • Oil & Gas
  • Power
  • Infrastructure
  • Financial Services

He advises leading corporate and financial institutions on infrastructure projects, structured lending, debt restructuring, creation of stressed asset platforms and recovery of loans and investments.

He has been involved in several landmark transactions and cases, including restructuring and settlement of Enron’s Dabhol Power Project, Swiss Ribbons v. Union of India in which the constitutionality of the Bankruptcy Code was upheld by the Supreme Court, resolution of Essar Steel, resolution of the ILFS Group, recapitalisation of Yes Bank, acquisition of controlling interest in the Mumbai Airport and significant foreign investments in oil & gas and retail sectors.

Professional Experience

Viswanathan has acted on a number of landmark transactions, which include:

  • The syndicate of lenders, including the State Bank of India, International Finance Corporation, Asian Development Bank and other national and international financial banks/ agencies in the 4000 MW Mundra Ultra-mega Power Project. (2008)
  • Advised clients with respect to several road projects in India, including the KMP Expressways Limited (the largest and the longest road project in India). (2006–2007)
  • Advised the creditors on the financing of India’s first cross country pipeline, set up by Reliance Gas Pipeline Private Ltd. (2007)
  • Advised the creditors on the financing of the first LNG regassification project in India, set up by Petronet LNG Ltd. (2004)
  • Advised the developers with respect to the privatisation and modernisation of Mumbai International Airport. (2006-2019)
  • Acted for the creditors in an arbitration against a Haryana State Government agency, in connection with enforcement of creditors rights in termination of a road concession. (2016-2020)

Awards & Recognition

  • ‘Band 1’ Lawyer, Chambers and Partners 2019 – 2021 for Banking & Finance and Projects Infrastructure & Energy
  • ‘Star Individual’, Chambers and Partners 2020 – 2021 for Restructuring/Insolvency
  • ‘Highly Regarded’, IFLR1000 2020 & 2019 for Energy and Infrastructure; Project Development; Banking; Project Finance
  • Lawyer of the Year for Restructuring and Insolvency,  IFLR1000 India Awards 2020
  • ‘A-List of Top 100’ Practitioners in India IBLJ 2019 & 2020
  • ‘Distinguished Practitioner’ for Banking and finance, Restructuring and Insolvency, AsiaLaw 2020
  • ‘Leading Lawyer’ for Restructuring & Insolvency, Legal 500 2020 – 2021

Memberships

  • Bar Council of Maharashtra and Goa, India

Qualifications

  • 1994 B.A. LLB., National Law School of India University , Bengaluru (India)
expertise

Expertise

Practice Areas

  • Banking and Finance
  • Insolvency & Bankruptcy
  • Infrastructure & Project Finance

Sectors

  • Energy
  • Oil & Gas
  • Power
  • Infrastructure
  • Financial Services