NCLT dismisses ADAVPL’s application to block use of ‘Reliance’ brand by IIHL
NCLT) has dismissed an application filed by Anil Dhirubhai Ambani Ventures Pvt Ltd (ADAVPL), which sought to restrain IndusInd International Holdings (IIHL), the successful bidder for Reliance Capital, from using the ‘Reliance’ brand following the implementation of its resolution plan.
On Friday, a division bench comprising Justice V.G. Bisht and technical member Prabhat Kumar orally dismissed the application filed by ADAVPL, according to two individuals familiar with the matter. A detailed order had not been uploaded at the time of this report.
A spokesperson for the ADA Reliance Group could not be reached for comment.
In its application, ADAVPL argued that the brand agreement does not create any interest in the brand in favour of Reliance Capital but only allows permissive use thereof.
The NCLT, in its February 27 order approving IIHL’s resolution plan, had allowed the company to use the ‘Reliance’ brand for three years from the date of the plan’s approval to facilitate the resolution process.
Finance
Financial Literacy i.e Lets Crack the Billionaire Code
By — CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator
Marketing
Modern Marketing Masterclass by Seth Godin
By — Seth Godin, Former dot com Business Executive and Best Selling Author
Marketing
Future of Marketing & Branding Masterclass
By — Dr. David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding Consultant
Marketing
Digital marketing — Wordpress Website Development
By —
