Link Legal advised the Malpani Group, an acclaimed name in the FMCG & Hospitality industry in the Country, on the structuring and acquisition of Imagicaaworld Entertainment Limited (IEL), an entity promoted by Mr Manmohan Shetty and listed on the Indian stock exchanges.

This structured Transaction stands out as one of India’s first few successful resolutions in the listed space outside the IBC domain, involving the resolution of a stressed account through the assignment of debt coupled with the acquisition of management & control of IEL and conversion of a portion of the outstanding debt into equity, under the extant RBI framework of Resolution of Stressed Assets.

The Transaction team at Link Legal advising MPG was led by Milind Jha (Partner) and Aditya Bhardwaj (Associate Partner), supported by Shailender Sharma (Principal Associate), Tamilarasi A Mudaliar (Associate), Dewang Khandelwal (Associate) and Vishnushree Dalmia (Associate).

The Lenders’ consortium was advised by Cyril Amarchand Mangaldas whilst DSK Legal acted for IEL in the Transaction.

DSK Legal's team comprised Ajay Shaw (Partner), Ashish Pahariya (Partner), Soham Mookherjee (Principal Associate) and Anisha Kumar (Principal Associate).