Mother writes to Lodha brothers to resolve brand dispute as per family agreement, – Homevior

Manju Lodha, mother of Abhishek and Abhinandan Lodha who are currently at loggerheads over the usage of Lodha trademark, has appealed to the sons to resolve their disputes and act as per the family agreement, which all of them arrived at in 2017.

The wife of Maharashtra cabinet minister Mangal Prabhat Lodha has asked both the sons to respect and not to say anything wrong about each other, not to fight, and not interfere in each other’s businesses.

“Your father and I have discussed at length the claims by both of you with regards to the shareholding / ownership of each other’s businesses. The final arrangement within our family was documented in our Amended Family Agreement dated 31st March 2017. We confirm that both of you have no right of any form in the other brother’s business of assets or shareholding,” she said in the letter written on Friday.

The letter ends with her highlighting that the family agreement signed between members of Lodha family in 2017 is binding on all.

“I respect my mother’s letter and will abide by it. The 2017 agreement clearly states that the Lodha real estate business and its IPR including trade name “Lodha” is owned by, and will exclusively be used by, Macrotech / Lodha Developers. I wish my younger brother, Abhinandan, all success in his business,” said Abhishek Lodha.

In 2015, Abhinandan Lodha separated from the Lodha Group and started his own business. This was formalised through a family settlement agreement in 2017.

“Abhinandan Lodha continues to believe that family matters should not be settled in public. This is the reason he chose to maintain a dignified silence for over 10 years. He does hope that his family honours all the commitments made to him,” said a Lodha Ventures spokesperson adding that since the issues are under mediation, he would not like to state anything else at this stage.

Macrotech Developers, a listed company run by Abhishek has sued House of Abhinandan Lodha, run by younger sibling over trademark infringement. In its suit, Macrotech has sought Rs 5,000 crores in damages. The Bombay High Court has appointed former Supreme Court Justice RV Raveendran as mediator in the matter.