Firm Overview

Panag & Babu is a globally acclaimed, specialist law firm with three marquee practices - Business Crimes (Governance, Investigations & White Collar Defense), Complex Disputes & International Arbitration and Telecom, Media & Technology.

We have a pan India practice, serviced through our dual headquarters in New Delhi and Bengaluru.

Panag & Babu’s specialism across its practice areas is sector agnostic, with a distinguished service offering drawn from multi-disciplinary teams and India’s top legal talent. Our firm is ranked as one of the ‘Best Law Firms to Work’ at in India.
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Sherbir Panag listed in the India Business Law Journal’s 2024-25 A List. | GameChanger Law, Panag & Babu act on The ePlane Company Series B fundraise | Panag & Babu recognised by India Business Law Journal as "Award Winning Law Firm 2024" | Akash Karmakar recognized as the 'Best FinTech Lawyer' for 2023-24 and honoured with the Outstanding Achiever Award by BW Legal World | Samudra Sarangi recognised by Benchmark Litigation in Asia-Pacific Awards 2024 - "Top 40 under 40" | Panag & Babu authored the India chapter of Global Arbitration Review Know How - Commercial Arbitration | Panag & Babu authored the India chapter of Global Arbitration Review – The Guide to M&A Arbitration - Fifth Edition | Sherbir Panag and Tanya Ganguli recognised in Who's Who Legal - Investigations 2024 | Panag & Babu recognised by Benchmark Litigation for our market leading - white collar crimes and international arbitrations practice | Panag & Babu authored the India chapter of Lexology In-Depth: Anti-Bribery and Anti-Corruption | Lexology In-Depth Anti-Bribery and Anti-Corruption India | Sherbir Panag, Samudra Sarangi, Vidhi Khanijow & Tanya Ganguli recognised by Legal 500 in Asia-Pacific 2024 | Panag & Babu recognised by the Legal 500 in Asia Pacific 2024 | Sherbir Panag & Vidhi Khanijow recognised by Chambers and Partners in Asia-Pacific 2024 for White-Collar Crime & Corporate Investigations | India: Anti Money Laundering Comparative Guide | Sherbir Panag recognised by Who’s Who Legal as a "Global Elite Thought Leader” for Business Crime Defence – Corporates 2023 and as a "Thought Leader” for Global Investigations Review – Business Crime Defence - Corporates & Individuals 2023 | Sherbir Panag recognised by Legal Era in "Leading Lawyer Champions 2023” | Sherbir Panag speaks to the Global Law Experts on white collar crime enforcement trends, reforms and goals | Sherbir Panag listed in the India Business Law Journal’s 2024-25 A List. | GameChanger Law, Panag & Babu act on The ePlane Company Series B fundraise | Panag & Babu recognised by India Business Law Journal as "Award Winning Law Firm 2024" | Akash Karmakar recognized as the 'Best FinTech Lawyer' for 2023-24 and honoured with the Outstanding Achiever Award by BW Legal World | Samudra Sarangi recognised by Benchmark Litigation in Asia-Pacific Awards 2024 - "Top 40 under 40" | Panag & Babu authored the India chapter of Global Arbitration Review Know How - Commercial Arbitration | Panag & Babu authored the India chapter of Global Arbitration Review – The Guide to M&A Arbitration - Fifth Edition | Sherbir Panag and Tanya Ganguli recognised in Who's Who Legal - Investigations 2024 | Panag & Babu recognised by Benchmark Litigation for our market leading - white collar crimes and international arbitrations practice | Panag & Babu authored the India chapter of Lexology In-Depth: Anti-Bribery and Anti-Corruption | Lexology In-Depth Anti-Bribery and Anti-Corruption India | Sherbir Panag, Samudra Sarangi, Vidhi Khanijow & Tanya Ganguli recognised by Legal 500 in Asia-Pacific 2024 | Panag & Babu recognised by the Legal 500 in Asia Pacific 2024 | Sherbir Panag & Vidhi Khanijow recognised by Chambers and Partners in Asia-Pacific 2024 for White-Collar Crime & Corporate Investigations | India: Anti Money Laundering Comparative Guide | Sherbir Panag recognised by Who’s Who Legal as a "Global Elite Thought Leader” for Business Crime Defence – Corporates 2023 and as a "Thought Leader” for Global Investigations Review – Business Crime Defence - Corporates & Individuals 2023 | Sherbir Panag recognised by Legal Era in "Leading Lawyer Champions 2023” | Sherbir Panag speaks to the Global Law Experts on white collar crime enforcement trends, reforms and goals | Sherbir Panag listed in the India Business Law Journal’s 2024-25 A List. | GameChanger Law, Panag & Babu act on The ePlane Company Series B fundraise | Panag & Babu recognised by India Business Law Journal as "Award Winning Law Firm 2024" | Akash Karmakar recognized as the 'Best FinTech Lawyer' for 2023-24 and honoured with the Outstanding Achiever Award by BW Legal World | Samudra Sarangi recognised by Benchmark Litigation in Asia-Pacific Awards 2024 - "Top 40 under 40" | Panag & Babu authored the India chapter of Global Arbitration Review Know How - Commercial Arbitration | Panag & Babu authored the India chapter of Global Arbitration Review – The Guide to M&A Arbitration - Fifth Edition | Sherbir Panag and Tanya Ganguli recognised in Who's Who Legal - Investigations 2024 | Panag & Babu recognised by Benchmark Litigation for our market leading - white collar crimes and international arbitrations practice | Panag & Babu authored the India chapter of Lexology In-Depth: Anti-Bribery and Anti-Corruption | Lexology In-Depth Anti-Bribery and Anti-Corruption India | Sherbir Panag, Samudra Sarangi, Vidhi Khanijow & Tanya Ganguli recognised by Legal 500 in Asia-Pacific 2024 | Panag & Babu recognised by the Legal 500 in Asia Pacific 2024 | Sherbir Panag & Vidhi Khanijow recognised by Chambers and Partners in Asia-Pacific 2024 for White-Collar Crime & Corporate Investigations | India: Anti Money Laundering Comparative Guide | Sherbir Panag recognised by Who’s Who Legal as a "Global Elite Thought Leader” for Business Crime Defence – Corporates 2023 and as a "Thought Leader” for Global Investigations Review – Business Crime Defence - Corporates & Individuals 2023 | Sherbir Panag recognised by Legal Era in "Leading Lawyer Champions 2023” | Sherbir Panag speaks to the Global Law Experts on white collar crime enforcement trends, reforms and goals |

Practice Areas

Complex Disputes & International Arbitration

The Firm’s Complex Disputes & International Arbitration practice specializes in navigating the novelties and complexities of India’s litigation framework by customizing litigation strategies designed to achieve targeted commercial objectives from litigations, rather than solely focus on the outcome of a litigation which can take several years.


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Governance, Investigations & White Collar Defense

Panag & Babu’s – highly respected and acclaimed Governance, Investigations & White Collar Defense practice, is India’s largest multi-disciplinary business crime team, with pan-India capabilities. We assist multinational companies in crisis response to law enforcement actions, build bespoke compliance programs and conduct internal investigations in every significant genre of financial crimes.

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Telecom, Media
& Technology

Our Telecom, Media & Technology team has assisted several global e-commerce, technology and financial services companies to navigate regulatory challenges stemming from the intersection of law and technology. We have helped our traditional clients transition to doing business digitally by combining commercially driven expertise while balancing regulatory considerations.


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