'Very painful matter', says Abhishek Lodha on brand-use dispute with younger brother's firm HoABL
Macrotech Developers MD Abhishek Lodha has described the ongoing dispute with his younger brother's firm House of Abhinandan Lodha on use of trademark 'Lodha' as «very painful matter» for him and asserted that this will not have any impact on the company's operational performances. Macrotech Developers has recently filed a suit in the Bombay High Court against House of Abhinandan Lodha (HoABL), formed by Abhishek's younger brother Abhinandan Lodha, for infringement of its trademarks and sought appropriate injunctions, reliefs and damages.
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Macrotech Developers, which sells properties under Lodha brand, is one of the leading real estate firms in the country, while HoABL is into plotted developments across various cities, including Ayodhya.
According to a transcript of discussion with investors after announcing financial results for the December quarter, Abhishek Lodha updated analysts about the lawsuit filed by Macrotech Developers against HoABL.
«First and foremost, this is a very painful matter for me personally because Abhinandan Lodha is my younger brother. I have always wished him very well. And I hope that even going forward, he continues to be successful in all fields that he operates in, including real estate,» said Abhishek, as per the transcript uploaded on stock
