MUMBAI: A Landmark Resolution

In a significant development, the Lodha brothers, Abhishek and Abhinandan, alongside their respective companies, have successfully resolved all disputes concerning the intellectual property rights over the 'Lodha' and 'Lodha Group' brand names. A joint statement released on Monday highlighted their gratitude towards Justice R V Raveendran, the mediator appointed by the court, for his pivotal role in facilitating this agreement.

The Dispute and Its Resolution

The conflict, which lasted nearly three months, centered around the usage rights of the aforementioned brand names. Macrotech Developers, under Abhishek's leadership, initiated legal proceedings in the Bombay High Court to prevent Abhinandan and his real estate ventures from using the 'Lodha' and 'Lodha Group' names. The court's intervention led to mediation by Justice Raveendran, culminating in a peaceful settlement.

Terms of the Settlement

As per the agreement, Macrotech retains ownership and exclusive rights to the 'Lodha' and 'Lodha Group' brands, while Abhinandan secures exclusive rights to the 'House of Abhinandan Lodha' (HoABL) brand. The parties have mutually agreed that 'Lodha Group' and 'House of Abhinandan Lodha' will operate independently, with no affiliations, a decision they plan to communicate widely.

The settlement also stipulates that neither brother will have any claims or rights over the other's business ventures, marking a clear demarcation of their professional territories.