News
LKS advises LÄPPLE Group
27 二月 2025
Lakshmikumaran and Sridharan Attorneys (LKS) advised and acted for Fibro India Precision Products Private Limited (Fibro India), a subsidiary of LÄPPLE AG, in the sale and transfer of its rotary table unit business to Fibro Rotary Tables India Private Limited (a newly formed entity of the acquirer), as part of LÄPPLE Group’s global restructuring.
Drawback available on mobile phones unlocked before exports by merchant exporter
24 二月 2025
The Delhi High Court has held that the act of unlocking/activating mobile phones after they were manufactured would not disentitle the merchant-exporter from claiming duty drawback on subsequent export of the said mobile phones under Section 75 of the Customs Act, 1962 read with the Customs and Central Excise Duties Drawback Rules, 2017. The exporter-petitioner was represented by Lakshmikumaran & Sridharan Attorneys here.
Patents – Appeal to High Court against order-in-review issued under Section 77(1)(f) when maintainable
20 二月 2025
The Madras High Court has observed that a statutory appellate remedy under Section 117-A of the Patents Act, 1970 is not provided for against an order-in-review issued under Section 77(1)(f).
New Income Tax Bill, 2025 – Highlights
15 二月 2025
The Finance Minister of India has tabled the new Income Tax Bill, 2025 before the Parliament on 13 February 2025. The bill seeks to replace the existing Income Tax Act, 1961 with a linguistically simplified and structurally rationalized piece of legislation.
Union Budget 2025 – Changes made/proposed in Customs law and duty rates
02 二月 2025
The Union Budget 2025-26 was presented in the lower house (Lok Sabha) of the Indian Parliament on 1 February 2025. Number of changes have been made or proposed in the Customs law – both legislative changes and changes related to rate of duty. A few important changes are highlighted below.
LKS advises shareholders of Oremus Corporate Services
30 一月 2025
Lakshmikumaran and Sridharan Attorneys advised and acted for the shareholders of Oremus Corporate Services Private Limited (‘Company’) in their exit and the eventual acquisition of the Company by Fornax Corporate Services Private Limited.
Patent revocation petition is maintainable even if defence of invalidity of suit patent taken in an infringement suit
20 一月 2025
The Delhi High Court has in its Judgement dated 15 January 2025 held that a revocation petition is maintainable even if the petitioner had filed a written statement, taking a defence of invalidity of the suit patent under Section 107 of the Patents Act, in an infringement suit filed by the patentee. It was also held that a revocation petition can be filed or sustained (if already filed) after the expiry of the term of the patent.
LKS advises IndiaMART InterMESH Limited
16 一月 2025
Lakshmikumaran & Sridharan Attorneys (L&S) acted as legal counsel for IndiaMART InterMESH Limited (‘IndiaMART’), India’s largest B2B marketplace, in secondary acquisition of securities of Mobisy Technologies Private Limited (‘Mobisy’).
Draft Digital Personal Data Protection Rules 2025 released
06 一月 2025
The draft Digital Personal Data Protection Rules, 2025 have been released on 3 January 2025, over a year since the passing of the Digital Personal Data Protection Act, 2023, for public consultation and feedback. The Rules provide a much-needed operational framework based on which the DPDPA would apply to various entities, and provide further clarifications and guidance on the scope, extent and nature of various obligations.
Telecommunication towers are not immovable property – ITC is not deniable under Section 17(5)(d)
03 一月 2025
The Delhi High Court has held that telecommunication towers would not fall within the ambit of Section 17(5)(d) of the CGST Act and thus denial of input tax credit is consequently not sustainable.