‘Lodha vs Lodha’: Macrotech moves court to restrain HoABL from using trademark
Real estate firm Macrotech Developers, led by Abhishek Lodha, has approached the Bombay High Court to prevent the company 'House of Abhinandan Lodha' from using the Lodha name, citing trademark rights. The dispute arose from a family agreement tha...
Interestingly, Macrotech Developers has also made its own MD & CEO Abhishek Lodha one of the respondents in the matter. The petition is scheduled to be heard on Tuesday.
In 2015, Abhinandan Lodha separated from the Lodha Group and started his own business. This was formalised through a family settlement agreement in 2017.
Also Read: Macrotech claims Rs 1,000 cr paid to Abhinandan Lodha, HoABL disputes
According to the petition, due to non-compliance, a new agreement was signed in December 2023, which prohibited the younger brother from using names similar to ‘Lodha.’ However, the pact stated if Abhinandan complies, Abhishek would allow the use of ‘House of Abhinandan Lodha’.
By 2023, Lodha Group had turned into a publicly-listed entity and was not a party to the agreement. The listed company as the owner of the trademark had never permitted the use of the name. The 2023 agreement was terminated due to non-compliance, nullifying any prior consent for ‘House of Abhinandan Lodha’, Macrotech’s petition said.
In 2019, he helped refinance the company and also provided corporate guarantees of Rs 250 crore and personal guarantees exceeding Rs 2,000 crore.
“I further even mortgaged my own flat and raised funds to support Macrotech Developers. This is all a matter of record. All of this was done as a responsible member of the family and in the interest of the family,” Abhinandan Lodha said in response to ET’s query.
According to him, the genesis of the dispute is the success of his plotted land business under The House of Abhinandan Lodha. Over the last four years, the company has started projects in 16 locations, sold 12 million sq ft and has additional 38 million sq ft under development, with customers from both domestic and international markets.
The Lodha Group is currently developing over 40 projects across Mumbai Metropolitan Region (MMR), Pune and Bengaluru, and is likely to expand into other cities in India in the future. The listed company has the largest land reserve in MMR and, as of March 2024, had developed over 100 million sq ft of prime real estate.
It has also demanded the removal of any references to the trademark Lodha from websites, domain names and other promotional materials used by HoABL. It has sought interim relief to prevent further usage of the trademark until the final resolution of the case.
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