The ongoing feud between Abhishek Lodha of Macrotech Developers and Abhinandan Lodha of House of Abhinandan Lodha (HoABL), has taken a dramatic turn. Abhishek Lodha-run Macrotech Developers alleged that younger brother Abhinandan's firm fabricated documents to misuse the company's brand name to further its business interests. An entity run by Abhinandan Lodha denied the allegations.
In an exchange filing, Macrotech alleged a conspiracy by the younger brother's HoABL to fabricate documents to misuse the company's goodwill, brand and registered trademarks.
Earlier, Abhishek had dragged Abhinandan to the high court seeking restraint on using the brand name Lodha, and the court also appointed a retired justice to mediate in the matter. In February, their mother had written a letter to the bickering siblings asking the two to settle the differences. She added that this was her opinion after consulting their father, Mangal Prabhat Lodha.
Macrotech said its board perused the relevant documents at its meeting and took "serious cognisance of the conspiracy." A special board committee has been constituted to take appropriate legal action, and Abhishek has requested not to be part of this panel.
It claimed that HoABL entities used fake Board Resolutions of Macrotech containing a 'no objection' for trademark use and filed them with government authorities, but it made it clear that no such meeting was held on the purported date, nor has the board ever discussed or approved any such resolution.
Apart from that, such 'resolutions' filed with the government authorities have a forged signature of one of Macrotech's independent directors, and investigations have revealed that the director's PAN card has also been tampered with with a fake signature and photograph, it said.
Macrotech further alleged that the boards of at least two HoABL firms approved and procured a change in their corporate names to those starting with 'Lodha' from the relevant government authorities, using the above-referred documents, and used the changed names of these companies to further their business activities.
Later, HoABL issued a letter denying the allegations of forgery and fraud and saying, "We are internally investigating the matter and will respond with our detailed response."
