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The firm: LexCounsel is a New Delhi-based corporate and commercial law firm with associate offices in major cities across India. It provides comprehensive legal services to a broad spectrum of domestic and international corporations. The firm is recognised as a leading law firm and is known for its work in M&A, private equity and funding education, clinical trials, satellite leases, retail, and licensing and franchising.

Areas of practice: Some notable transactions, representations and advice for 2018-2019:

Corporate and M&A: Carlsberg, India in structuring and formulating its capacity sharing arrangement with licensee for manufacturing facilities for brewing, bottling and packaging of Carlsberg’s products; Fred Hollows Foundation, Australia concerning the scope of not-for-profit entities, applicable laws and trends related to foreign contribution and the rights, obligations and limitations on foreign shareholders and foreign directors; Usha Breco, India in contract negotiation and finalisation with offshore suppliers for supply of aerial passenger ropeway system; World Learning Inc. USA concerning Rights Issue, education practice in India and visa related advice; Hindustan Coca Cola inter alia on scope and extent of foreign investment and issuance of compulsory convertible options;

Restructuring and Insolvency: Falcon Waterfree Europe GmbH in advice inter alia concerning status of foreign operational creditors and assisting in initiating insolvency proceedings before NCLT, Delhi as operational creditor; Hindustan Coca-Cola in representation before the Insolvency Resolution Professional and vetting and submitting claims as a financial and operational creditor; Carlsberg, India in initiation of proceedings as operational creditor and representation before the NCLT, Chennai in respect of unpaid operational debt due from a licensee for brewing, bottling, distributing and selling its products; a major group in footwear retail before the NCLT, Delhi in opposing the petition filed by an alleged operational creditor; Africa Spirits Limited related to recovery of advance amount paid to an Indian supplier of equipment and assessment of issues related to recovery with respect to the insolvency laws and under general contractual principles; Horseshoe Entertainment before the NCLT, Chandigarh and NCLAT and advice concerning insolvency petition connected disputes with erstwhile JV partner “The Comedy Store Limited”.

Investment Funds: Cerestra a SEBI registered alternative investment fund on its proposed arrangements; LeapStart Trust and Bedrock Ventures on both existing and proposed investments and shareholding restructuring related matters with respect to Novelroots Internet Private Limited providing the global technology platform “Nearify” for events listing, promotion and engagement, and Creative Living Solutions Private Limited engaged in peer-to-peer recruitment platform; Bedrock Venture Management concerning further rounds of investment through compulsorily convertible preference shares for further investment inter alia into Vteamup Spaces Private Limited engaged in providing office co-sharing spaces; Mark88 Capital India on its collaboration with an asset finance company with respect to investment by its new fund in the education sector.

Banking and Finance: Bank of Baroda, Brussels Branch related to participation in the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System and assessment of enforceability in view of foreign exchange control and Indian banking laws; MPurse Services India’s potential acquirer concerning regulations governing prepaid instruments/e-wallets providers; Transaction Solutions International, India concerning its role as an authorised “Agent Institution” under the Bharat Bill Payment System, concerning RFP of Corporation Bank for ATM Managed services and its contracts with IBM; PaySec on the requirements for operating a payment gateway in India; Usha Martin Limited’s promoter group onRBI’s Scheme for Sustainable Structuring of Stressed Assets and on the loan arrangements of the company.

Dispute Resolution: Carlsberg, India in disputes with vendors and third parties including before the Cuttack District Court in execution proceedings seeking enforcement of arbitral award; Viceroy Engineering before the High Court of Delhi and in arbitration proceedings against the Swiss counterpart related to technical services provided for airport security screening equipment; Prem Nath Motors Group, India before the High Court of Delhi for securing and enforcing the rights pursuant to an arbitral award arising out of disputes with respect to division of properties amongst legal heirs; ATNT Infrastructure, India in arbitration proceedings with respect to disputes arising out of an agreement to sell; Power Machines, India before the High Court of Delhi in defending a winding up petition and in another petition filed for interim reliefs with respect to two power projects executed with NTPC; Europe Emirates Group, UAE on applicability of UN Conventions and their enforceability qua extradition treaty and applicable laws relating to extradition between India and 2 other nations; Paviour Pharmaceuticals, India in a writ petition against National Pharmaceuticals Pricing Authority for arbitrary price fixation of a drug; Luxconsult, Mauritius before the High Court of Delhi in proceedings alleging defamation and civil wrongs concerning construction in Mauritius; Curo Healthcare Technologies, India concerning violation of non-disclosure and non-compete obligations by employee.

Labour and Employment: Constellation Software Inc. (CSI), Canada, on statutory and contractual obligations arising out of transition of employees alongwith partial transition of business; CPA Global, UK on an India level acquisition of employees in the course of a global acquisition; World Learning, India on actions to be taken for suspension and/or dismissal of senior employee for potential misrepresentations; RAY ALLEN, Inc.US, in formulating employment agreements and policy handbook and advice concerning sexual harassment law, background checks and consent forms; Sherrards, UK concerning withdrawal of social security benefit by a British national categorised as an International Worker; Crest Premedia Solutions, India concerning employee litigation and workman related laws; Macmillan Publishers, India in representation before the Labour Officer, Bengaluru; Aga Khan Education Service, India on applicable labour law requirements and compliances for the teaching and non-teaching staff of schools in Gujarat, Maharashtra and Telangana.

Taxation: World Learning, USA concerning tax deductions applicable on severance payment to a foreign national employee; Takshila Educational Society, India in obtaining tax registrations/exemptions for public charitable trusts in Delhi;Usha Breco, India concerning customs duty and GST payable on import of ropeway equipment and tax structuring; The Estate, India concerning luxury tax and GST impact upon conversion of a bed and breakfast; Emerald Heights School on tax implications of services arrangements with group/associated entities and in representation to the GST Council to categorise certain services as exempt; Power Machines, Project Office, India concerning additional taxes levied on account of GST and liability under supply and services contracts with NTPC; Oakridge International School in conductingGST assessment arising out of contracts with service providers.

TMT: Hitachi Consulting, India in registration as OSP for its centres in Hyderabad, Pune and Bengaluru under DoT terms and conditions; Frontiers Media SA, Switzerland in review of its contractual arrangement for availing publishing services from a leading e-publishing company in India; Vela Software Norway AS in its arrangement with an Indian software development company for development of a bespoke software; Adsert Web Solutions, India concerning Broadcast Audience Research Council legal notice.

Projects and Energy: Usha Breco, India in preparing comments in response to invitation of the PPPAU Division of NITI Aayog, Government of India for draft model concession agreement on ropeway projects in India; Photonique Energy, India on its distributorship arrangement with Choice Solar LLC, US for distribution of solar products; Abington Reldan Metals LLC, USA in its joint venture in India for a recycling refinery.

Real Estate: Infosys Limited, India on multiple land purchase transaction with Unitech Residential Resorts, due diligence, assessment of compliances and restrictions under the applicable provisions of Haryana Real Estate (Regulation and Development) Rules, 2017, risk mitigation advise and drafting relevant deeds and undertakings; A diplomatic entity with reference to its premises across four locations in India; GTS Advocates, Mongolia in title due diligence of land at Dharamshala for hotel use and advice concerning land conversion, limitations on acquisition of land by non-residents and in drafting necessary documents; Cheer Breweries, India in structuring its arrangement for construction of a brewery proposed to be leased to manufacturer of BIRA beer; Global Indian School in title verification of land situated within a residential township in Gurugram, Haryana for setting up a K12 school.

Education: Dual Academy Dr Engel GmbH, Germany on establishment of K-12 school and play school including applicable Central and State education laws, registration requirements, assessment of the proposed funding and advice concerning foreign exchange control regulations, Foreign Contribution Regulation Act, 2010 and relevant tax aspects; Oakridge International School on contracts with service providers, legal implications of new fee regulation proposals in Hyderabad for CBSE affiliated schools and advise on criteria for qualifying as a linguistic minority educational institution in Karnataka; Aga Khan Education Service, India for issues before the fee regulatory committee concerning its schools in Gujarat, Maharashtra and Telangana; Global Indian School related to usage of Noida school premises in view of the NOIDA authority regulations and CBSE affiliation laws; Best Entertainment, India concerning its agreements with parents of students in its pre-schools, crèches and children activity centres; Ashiana Housing, India in its collaboration with a charitable institution for the establishment and management of a K12 School in Rajasthan; Takshila Educational Society, India in registration of two public charitable trusts.

Aviation and Defence: A large US Law Firm on various aspects of defence procurement rules in India (and related instructions) over the years, its applicability and consequences of non-compliance and other related matters;Steria, Indiaconcerning offset contracts, offset policy of DPP 2013 and compliances of foreign suppliers.

 Intellectual Property: Sendinblue SAS, France related to protection of software developed by employee as a literary work, limitations of Indian Patents Act concerning inventions and advice concerning rights related to ideas; Fortune Park Moksha Hotel representation before the District Court in Chandigarh in a dispute related to infringement of trade mark “Moksha”; Best Group Holding LLP in its Technology License and Technical Assistance Agreement with an Israeli company on security related technological solutions and advising on licensing and intellectual property right issues and events of cessation of such rights; Lifemarque Limited before the Trademarks Registry in opposition of a trademark application infringing its distinctive trademark; Transaction Solutions International, India concerning trademark protection for two marks viz. “MarketPay” and “TapnEarn”; Globalite, India before the Registrar of Trade Mark and obtaining order for publication of the trademark; ICS Foods Private Limited in trade mark registration for its mark “ICS Hospitality”.

Licensing and Franchising: Lord Of The Fries, Australia in review of Master Franchise Agreement and in conduct of a limited due diligence of potential franchisee.

Biotechnology and Life Sciences: Pfizer Inc. on arrangement with contract research organisation, laws applicable to clinical trials including clinical research injury compensation, disclosure of benefits, data privacy and informed consent by study subjects and return of results in genetic testing and post-trial access of drugs.

Insurance: Hollard Insurance on options and restrictions for exit to its joint venture partner and on enforceability of the indemnity provisions under a Share Purchase Agreement; Amsure Insurance Agency Limited in finalisation of the settlement agreement proposed to be executed with Max Life Insurance Company Limited arising from issues related to the corporate agency agreement.

  • Contacts
  • Seema Jhingan (
  • Alishan Naqvee (
  • Dimpy Mohanty (
  • Number of lawyers: 35
  • at this office: 17
  • Languages
  • English
  • Hindi and other Indian languages
  • Member
  • Delhi High Court Bar Association

Above material supplied by LexCounsel.

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