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About
Provided by 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
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.
Industry Sector Expertise
Banking & Financial Services
Capital Markets & Securities
Fintech
Infrastructure
Investment funds and Asset Management
Life Sciences, Healthcare and Pharma
Manufacturing
Real Estate
Services
Publications
https://chambers.com/legal-trends/the-future-of-fintech-in-india
Chambers Review
Asia-Pacific
Aashit Shah is a partner at JSA's Mumbai office. He is well placed to advise clients on a range of financing matters and banking regulatory issues, as well as restructuring and insolvency mandates.
Aashit Shah has a robust Mumbai-based practice acting for committees of creditors and lenders on insolvency and bankruptcy processes. He also advises resolution applicants and resolution professionals on CIRPs.
Contributions
Latest contributions provided by Aashit Shah
Strengths
Provided by Chambers
"Aashit is an industry veteran and a very respected voice on the street due to his responsiveness and ability to think clearly and creatively."
"He has the general depth of knowledge and the awareness to guide and navigate through commercial nuance and risk; that makes him stand out."
"He is very commercially sound and has a lot of knowledge on both debt and equity. Aashit wants to get deals through and focuses on what the client wants."
"Aashit is an industry veteran and a very respected voice on the street due to his responsiveness and ability to think clearly and creatively."
"He has the general depth of knowledge and the awareness to guide and navigate through commercial nuance and risk; that makes him stand out."
"He is very commercially sound and has a lot of knowledge on both debt and equity. Aashit wants to get deals through and focuses on what the client wants."
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