The conditions of their settlement, which were recently filed before the Bombay High Court, clearly states that the younger brother Abhinandan has no rights to use the word “boat” isolated for any real estate business. The brothers also agreed that they owed any money to others.
Interestingly, these conditions are what Abhishek Lodha and his mentioned company Macrotech Developers have long maintained.
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While the mediation was achieved in April, the conditions of settlement, as imposed before the court, have now come to light. The settlement was also achieved in April within a few days of Macrotech developers, which accused the house Abhinandan Lodha of counterfeiting and fraud.
In contact, both parties refused to comment on whether Macrotech accused had any effect on the mediation process.
“Abhinandan Lodha has always believed and still believes that in the family should discuss private family affairs and at any stage of the legal and mediation process we did not respect this process,” said spokesman Abhinandan Ventures. “That is why we will continue to maintain the dignity of such behavior.”
The long -term dispute between the siblings had its roots in the 2017 family agreement, which granted Macrotech developers (then Lodha developers) exclusive rights to the brand “Lodha”. In 2023, both parties concluded an agreement on limited use, which allowed Abhinandan to operate as part of “House of Abhinandan Lodha”. The disagreements of its use later escalated into a lawsuit, while the developers of macrotech gave and £5,000 crore lawsuits against House of Abhinandan Lodha using a “boat” trademark.
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At the beginning of this year, she released a family Matiarch Manju Lodha on 21 February. A sincere public letter called for a resolution. “Your father and I discussed in detail the claims of both of you … We confirm that you both have no right to any form in the business or assets of the other brother,” she wrote in a letter reviewed by Mint.
The Court shall give this place and note: “The parties confirm that they have no claim or complaint against their parents at all … and explicitly gives up all its rights to increase any dispute in this respect.”
The conditions stipulated that Abhishek and Abhinandan Lodha would not “initiate or continue any proceedings, complaints or action against each other in relation to any event that occurred before the date of these terms of consent”.
The resolution came through nine mediation meetings with the Supreme Court judge in retirement of the RVeendran RV RVeendran, appointed by the Mediator by the Bombay High Court. Siblings met physically and practically, their legal teams. The conditions of the final consent, submitted in April, determine strict separation standards.
Gentle print
As part of the consent Decree, Abhinandan agreed not to use a “boat” in isolation for any real estate business. Instead, the brand can only appear as “House of Abhinandan Lodha”, a composed unit in which the word boat cannot be visually or linguistically emphasized.
“The parties confirm that Macrotech Developers Limited has exclusive rights, the trade name and trademark” Lodha “and” Lodha Group “,” says the court will file. Macrotech agreed not to use two specific deadlines – “Lodha Ventures” and “LODHA FINSERV”.
For Ventures Outde Real Estate, Abhinandan is a full name, such as “Abhinandan Lodha Motors” or “Abhinandan Lodha Insurance”, but not “Abhinandan Lodha Group”.
The word “boat” must appear in the same meaning and be accompanied by the exclusion of responsibility that does not clarify any connection with the Lodha group.
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Conditions that are binding and irrevocable include a sanction clause: any violation could revive earlier legal claims, including a harm claim £1 lakh per day.
Furthermore, on the next five and 93 days, all marketing material, including websites, advertising and brochures issued by ABHINANANDAN, disagrees with the exclusion of responsibility that does not give any association to Lodha or Lodha Group.
The conditions also apply to trademark selections, changes in e-mail and domain names and compensation for third-party liability. In fact, Abhinandan Ventures announced on May 14 that he had withdrawn a trademark request for “boat ventures” from trademark authorities.
Between them, neither the party can claim any business connection with the other or to hire existing or former employees and buildings about stocks.
Legal experts believe that the conditions of consent are a carefully structured solution of the brand and the trade section within the family business and become a model of the Precedens in Jurisprudence on commercial departments between the family family.
“Determination of exclusive rights, gradual obligations and renunciation of liability have tried to eliminate ambiguity in the use of the brand,” said Mitakshara Goyal, co -founder of the law firms.
“The extent of the future dispute remains from a legal point of view – especially if Abhinandan Lodha enters the developing sectors, where the brand or consumer connection with a” boat “may be inevitable,” she added.
The lawyers also stated £1 Lakh-per day Punishment and threat of reviving the defined demands serve as strong deterrent means, but only if it is strictly forced. “The duties of renunciation of liability, even if it prevents confusion, could prevent brand independence and long -term location,” Goyal said.
(Tagstotranslate) Lodha
