Lakshmikumaran & Sridharan

India

Analysis

Overview

Best known in the market for its leading tax and IP practices, Lakshmikumaran & Sridharan also provides in-depth advisory and representation in competition, corporate, real estate, and restructuring and insolvency matters. It has 13 offices across 11 cities and opened a new office in Kochi two years ago. For IP, the firm ascends into the top tier. It is famed for its contentious patent know-how, where the subject matter requires deep and detailed knowledge. The firm is a market leader in plant genomics and plant variety protection. The firm’s robust and historical tax practice specialises in GST, income tax, customs and litigation. The firm’s key contacts are IP practice head Malathi Lakshmikumaran, who is a specialist in the biotechnology, chemistry and pharmaceuticals sectors. Managing partner V Lakshmikumaran is a go-to name for tax matters. Notable clients in the arbitration practice area occupy the steel, power, consumer goods, hospitality and tourism, and infrastructure sectors. 

Private equity

Work highlights 

Acted for ETS International BV on its investment into upGrad in a fresh round of funding from a clutch of marquee investors. 

Intellectual property

Work highlights 

Advised DS Biopharma as the appellant in an appeal against the refusal order of the Indian Patent Office.  

Restructuring and insolvency

Work highlights 

Defended liquidator for securing refund of VAT excess paid by the company under liquidation 

Defended a corporate debtor before the National Company Law Appellate Tribunal against the admission of Section 9 filed by the operational creditor.

Corporate and M&A

Work highlights 

Advised Ambience Group on its sale of a Panipat project to M3M. This was one of the largest deals in the real estate sector in the northern part of India and involved complex structure related advice from tax and regulatory standpoints. 

Competition/antitrust

Work highlights 

Advised Central Warehousing Corporation on competition law compliance and clearances. 

Successfully represented and obtained a favourable order for the Federation of Corrugated Box Manufacturers of India in a case relating to an all-India cartel in the craft paper industry.