Ahmed & Qazi

A&Q commences due diligence of bank’s portfolio of 1500 loans

Today, A&Q’s 6 member team has begun conducting due diligence of the corporate and retail (South Region) loan portfolio of about 1,000 customers of HMBL.

The DD will entail a review of all the documents pertaining to each facility including sanction advice, finance agreement, promissory note, letter of hypothecation, letter of lien, letter of pledge, personal guarantee, corporate guarantee, modification documents and requisite NOCs, Form 10s, Form 16s, and SECP charge certificates relating to the Form 10s and Form 16s.

A&Q’s scope also includes reviewing mortgage deeds, MODTDs along with title holding letters where required, and conducting a review of the title documents and other documents relating to such immovable properties.

A&Q team that has started work on this matter comprises Saim Hashmi (Senior Counsel), Jahanara Kanasra (Associate), Shahjahan Kanasra (Associate), Bisma Karim (Associate), Shujaat Ali (Associate) and Sara Shaukat (Associate), along with various other associates at the firm. We plan to complete the exercise at the earliest.