Aashit Shah

Practice Areas

Aashit chairs the Finance Practice at JSA. He specialises in banking & finance, debt restructuring and insolvency, mergers & acquisitions, private equity and investment funds.

He also regularly advises Indian and multinational banks, NBFCs, financial institutions, debt funds and Indian borrowers in relation to (i) credit facilities to Indian borrowers, including in relation to capital expenditure, project financing, real estate financing, acquisition financing and trade finance, (ii) credit facilities to overseas subsidiaries of Indian entities for the purpose of overseas acquisitions and leveraged buy-outs, and (iii) structuring and implementing debt, quasi-debt and equity transactions, which are compliant with Indian exchange control and banking regulations. He has been actively involved in various debt restructuring and security enforcement assignments, and the corporate insolvency resolution process (CIRP) under the new Insolvency and Bankruptcy Code, 2016 (IBC).

He has also advised arrangers, investors and issuers on various privately placed non-convertible debentures which may be listed on Indian stock exchanges.

In the areas of M&A, private equity and foreign investment, Aashit advises private equity funds, corporates and multinational institutions in their investments and divestments in Indian companies under the automatic route and approval route in a variety of sectors. Aashit has also assisted in devising and implementing exit strategies from Indian investments. He also advises in setting up of private equity funds, offshore funds, venture capital funds and alternative investment funds.

Career

Aashit has been practicing law since 2001 and has been at JSA since 2005.

Professional Memberships

Bar Council of Maharashtra & Goa

The Law Society, UK

International Bar Association

INSOL International

Publications

https://chambers.com/legal-trends/the-future-of-fintech-in-india

Personal

Aashit has been ranked as a leading lawyer in IFLR1000, Legal500, AsiaLaw Profiles and Chambers & Partners. He was recognised as Banking and Finance Lawyer of the Year 2020 at IFLR 1000 India Awards.