News > NCLT dismisses Anil Ambani plea against use of Reliance Capital brand by IIHL
NCLT dismisses Anil Ambani plea against use of Reliance Capital brand by IIHL
The Hindu Business Line | 23/10/2024 03:45 PM | Click to read full article
NCLT said the Tribunal permitted limited usage of the brand name till implementation of the Resolution Plan with an outer limit of three years to enable the acquirer to substitute its brand with the Reliance brand, emphasising the importance of business continuity during a critical phase. IndusInd was selected as the successful resolution applicant. ADAVPL contended that a Brand Licensing Agreement between the parties had been terminated.