The Indo-Czech duo was beaten 3-6, 4-6 their final round-robin match at the Tennis Masters Cup in Shanghai.
Americans Bob and Mike Bryan beat Max Mirnyi and Andy Ram 7-6, 6-3 on Sunday to win the doubles title at the ATP World Tour Finals and regain the end-of-season number one ranking.
The Indo-Belarussian pair will play Wayne Black and Kevin Ulyett in the penultimate round of the BNP Paribas ATP Masters tournament.
Mahesh Bhupathi and Radek Stepanek advanced to the second round of the Monte Carlo Masters with a straight-sets victory over Frenchmen Arnaud Clement and Michael Llodra.
The Indo-Czech duo lost lost 3-6, 5-7 to top seeds Jonas Bjorkman and Max Mirnyi in Monte Carlo Masters semi-final
Brothers Mike and Bob Bryan retained their Australian Open men's doubles title on Saturday after a 7-5, 7-5 victory over Jonas Bjorkman and Max Mirnyi.
The Indo-Czech pair, who hasn't lost a set so far, beat eight seeded Israeli pair of Jonathan Erlich and Andy Ram 6-4, 7-5 in the Gold Group at the Tennis Masters Cup in Shanghai on Tuesday.
Leander Paes and Martin Damm surprised defending champions Jonas Bjorkman and Max Mirnyi in their opening doubles match of the season-ending Tennis Masters Cup in Shanghai on Sunday. The fourth-seeded Indo-Czech pair, drawn in the Gold Group, beat the sixth-seeded Swede-Belarusian duo 6-4, 6-1 in a little over and hour.
The Indo-Belgian duo had earlier in the quarter-finals of the Stockholm Open shocked fourth seeds Jeff Coetzee of South Africa and Rogier Wassen of the Netherlands.
Belarus pair Max Mirnyi and Victoria Azarenka seized the US Open mixed doubles title with a 6-4, 7-6 victory.
The Indo-Belarussian pair beat Yevgeny Kafelnikov and Gustav Kuerten in the second round of the ATP Masters.
Britain's grass season claimed its first ATP tour victims when seeds Julien Benneteau, Lee Hyung-Taik and Fernando Verdasco fell.
Mark Knowles and Daniel Nestor beat the Indo-Czech duo 6-3, 6-4 in the semi-final of the French Open doubles.
Mahesh Bhupathi Radek Stepanek advanced to the semi-finals of the men's doubles at the French Open beating second seeds Jonas Bjorkman and Max Mirnyi.
The Indo-Czech pair shocked seventh seeds Jonathan Erlich and Andy Ram of Israel in the third round at the French Open.
The Indo-Czech pair lost to second seeds Jonas Bjorkman and Max Mirnyi in the second round in Monte Carlo.
India's Sania Mirza and Croatia's Ivan Dodig moved into the semi-finals of the mixed doubles at the French Open beating Yung-Jan Chan/Max Mirnyi.
They captured their second ATP title of the season, beating sixth seeds Erlich and Ram of Israel to claim the doubles crown at the Pacific Life Open.
The Indo-Czech duo beat Jonas Bjorkman and Max Mirnyi to enter the final of the Pacific Life Open tennis tournament.
Leander Paes and his new partner Andre Sa shocked the top-seeded pair of Treat Huey and Max Mirnyi in the ASB Classic in Auckland, to commence their partnership on a successful note on Wednesday.
Bhupathi and Woodbridge defeated Graydon Olivier and Travis Parrott to enter the pre-quarterfinals of the Nasdaq-100 Open.
Daniel Nestor of Canada and Elena Likhovtseva of Russia claimed the mixed doubles title at the Australian Open.
The second seeded pair suffered a straight set loss against Sweden's Jonas Bjorkman and Max Mirnyi of Belarus.
They beat Jonathan Erlich and Andy Ram to reach the men's doubles quarter-finals of the Australian Open.
Ivan Ljubicic will take on Robin Soederling in Friday's other semi-final.
Swede Jonas Bjorkman and his Belarussian partner Max Mirnyi won the Masters Cup doubles title with a 6-2 6-4 victory over on Mark Knowles and Daniel Nestor on Sunday.
They were beaten by Jonas Bjorkman and Max Mirnyi in the semi-finals of the Masters Cup.
The Indo-Belarussian pair beat Argentina's Martin Garcia and Sebastian Prieto at Flushing Meadows.
The seventh seeded Indo-Czech pair lost 6-7 (3-7), 2-6 on Centre Court last evening.
They upset second seeds Sweden's Jonas Bjorkman and Max Mirnyi of Belarus in the quarter-finals.
Leander Paes-David Rikl and Mahesh Bhupathi-Max Miryni scored contrasting wins to make the quarters.
Indo-Czech pair shocked fourth seeds Paul Hanley of Australia and Kevin Ullyet of Zimbabwe in a match lasting four hours and 20 minutes.
The third seeded pair lost their semi-final match against unseeded Belgian pair of Xavier Malisse and Oliver Rochus.
The third seeds thrashed Croatian pair of Mario Ancic and Ivan Ljubicic 6-2, 6-2 in the French Open doubles event.
The seventh seeded Indo-Czech pair lost to third seeds Jonas Bjorkman of Sweden and Todd Woodbridge of Australia in the quarter-finals of the Miami masters.
They sailed into the semi-finals of the Master Series with a 6-4, 7-5 victory over the Swiss pair of Roger Federer and Yves Allegro.
The second seeds went down to Wayne Black and Kevin Ulyett in the Pacific Open ATP Tennis Masters.