Harsh Arora

Harsh Arora

Partner | New Delhi

Banking & Finance, Defence & Aerospace, Projects, Energy & Infrastructure
Enrolment No. D/ 570/ 2003

About

Harsh is a partner in the Banking & Finance practice group of the firm. With over 16 years of experience, he specializes in various kind of transactions, ranging from structured finance, project finance, banking transactions to M&As.  He also regularly advises clients on diverse infrastructure transactions in defence, health, education, rail, airport, renewable energy sectors. He has also represented major Indian and International banks in their debt and/or equity investments in Indian companies. He has done LLB from University of Delhi. In addition to legal education, Harsh is a member of Institute of Company Secretaries of India.

Practice areas

  • Banking & Finance
  • Projects Energy & Infrastructure
  • Defence & Aerospace

Expertise

  • Project financing
  • Structured financing
  • Project advisory and bid management
  • Project implementation
  • Infrastructure projects

Representative matters

  • ONG Videsh (OVL) in relation to financial assistance of up to an amount of USD 14.5 billion being granted to OVL and other concessionaires of Area 1 Offshore Block of Rovuma in the Republic of Mozambique wherein our scope of work included advising and structuring the transaction, advising on exchange control laws, ring fencing the assets of OVL and providing alternatives to mitigate liabilities arising under the term sheet
  • International Finance Corporation 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
  • Power Finance Corporation (PFCL) as Lender’s Legal Counsel to PFCL led consortium and SBI led consortium for term loan and working capital facilities of INR 28,000 crores (approx.) 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
  • Rural Electrification Corporation (REC) as lenders’ legal counsel to advise the REC led consortium for the debt financing of INR 113.82 Billion for the development of 1200 MW Teesta III Hydroelectric Project located in North District of Sikkim
  • Ministry of Defence (MoD) on the ‘Strategic Partnership Model’ under the Defence Procurement Procedure, 2016 (DPP). The project seeks to progressively build indigenous capabilities in India, in the private sector to design, develop and manufacture complex weapon systems for future needs of the armed forces.

Publications & recognitions

  • “Security creation under revenue sharing contracts” – India Business Law Journal
  • The International Comparative Legal Guide to: Lending & Secured Finance 2018- India Chapter
  • Practical Law-Thomson Reuters- India Q&A 2020
  • Recognized as a recommended lawyer by Legal 500 Asia Pacific