Shardul Amarchand Mangaldas advises State Bank of India and Axis Bank Limited in connection with a term loan facility of INR 1025 Crore granted to Shree Jagannath Expressways Private Limited

Shardul Amarchand Mangaldas & Co. advised State Bank of India and Axis Bank Limited in granting a term loan facility to Shree Jagannath Expressways Private Limited in relation to six laning of Chandikhole-Jagatpur-Bhubaneswar Section of NH-5 from 413 km to 418.00 km and 0 km to 62 km (Length – 67 Km) in the State… Read More +

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Delhi High Courts grants stay to helicopter charterer PSU Pawan Hans Ltd. against VAT demand of INR 176 crore

A Delhi High Court bench of Hon’ble Justice Vibhu Bhakru and Justice Amit Mahajan in a recent order granted interim relief to Pawan Hans Ltd. against an order passed by the Delhi VAT Tribunal confirming a demand of VAT amounting to approx. Rs.176 crore on account of chartering of helicopters.   Pawan Hans Ltd. is… Read More +

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