Abhishek Lodha is the Managing Director and CEO of Macrotech Developers Ltd., formerly known as Lodha Developers. Macrotech Developers is one of India's largest real estate companies, known for high-profile projects like the Trump Towers in Mumbai and the World One, the tallest residential skyscraper in the world at the time of its construction. Lodha has been instrumental in shaping the company's strategy and growth, particularly focusing on luxury and affordable luxury real estate in Mumbai and beyond.
The Case Involving Abhishek Lodha:
Trademark Dispute: Abhishek Lodha has filed a lawsuit against his younger brother, Abhinandan Lodha, in the Bombay High Court over the use of the "Lodha" brand name. Abhinandan Lodha, after parting ways with the family business in 2015, started his own real estate firm, House of Abhinandan Lodha (HoABL). The crux of the legal battle is Macrotech Developers alleging that Abhinandan's company is unlawfully using the "Lodha" and "Lodha Group" trademarks, which Abhishek claims are exclusively owned by Macrotech due to decades of brand development and investment.
Legal Proceedings: The case was initiated with Macrotech seeking a permanent injunction and damages amounting to ₹5,000 crore. The initial hearing was before Justice Manish Pitale but was moved to a larger bench due to the significant damages claimed, which exceed the pecuniary jurisdiction of the single judge. The hearing was scheduled for January 27, 2025.
Financial and Family Dynamics: The dispute also involves claims about the financial settlement between the brothers. Abhishek's company stated that Abhinandan received a substantial sum without any debt in a family settlement, a claim which Abhinandan has refuted, stating he received less than what was announced. This has added another layer of complexity to their legal and familial relations.
Market Impact: The legal battle has also had market implications, with Macrotech Developers' shares experiencing a decline following the news of the lawsuit.
This case highlights issues of trademark law, corporate identity, and family business dynamics, showing how personal and professional relationships can intersect in high-stakes disputes