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Macrotech moves HC to stop Abhinandan Lodha's firm using name
January 21, 2025
|Mint Hyderabad
The House of Abhinandan Lodha was established in 2021 when Macrotech Developers went public
The Lodha name has attained distinctiveness and is "extremely popular" due to its open, continuous, exclusive and extensive use and publicity by Macrotech, the petition said. Macrotech is represented by Veritas Legal.
Abhinandan Lodha told Mint that the dispute may have been sparked by the success of his company's plotted land business "which Macrotech Developers is unable to digest."
"There is no non-compete as of today not to carry business. We are very clear that we are into plotted development and not high-rise buildings, and largely operate in locations where Macrotech is not present and this was by choice," the younger Lodha said.
"Lodha Ventures and Lodha FinServ were given to me as part of the settlement process, and the understanding was that the Lodha name was not to be used on a standalone basis in real estate, and hence, we have our companies as Lodha Ventures, The House of Abhinandan Lodha (which is our real estate arm), and Lodha Finserve (non-operative now)," he added.
هذه القصة من طبعة January 21, 2025 من Mint Hyderabad.
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