Abhishek Lodha-led Macrotech Developers to retain exclusive rights over ‘Lodha’ and ‘Lodha Group’ brand name, a statement issued by the company said. The Lodha brothers—Abhishek Lodha and Abhinandan Lodha—and their companies have ‘amicably resolved all outstanding disputes under family mediation,’ separate statements issued by both parties said on April 14.
Macrotech Developers will continue to use ‘Lodha’ brand while the younger brother Abhinandan Lodha will continue to operate under ‘House of Abhinandan Lodha’ brand, as per the agreements between the two brothers under the ‘guidance of their parents.’ Macrotech Developers and HoABL announced that they have resolved the dispute over the use of Lodha brand, through separate statements. “In a significant development, the Lodha brothers – elder brother, Abhishek Lodha and younger brother, Abhinandan Lodha – and the companies led by them, have amicably resolved all outstanding disputes under the guidance of their parents,” the statements said. As per the agreement, listed entity Macrotech Developers Ltd is the owner of and has the exclusive right to use, the brand names ‘Lodha’ and ‘Lodha Group’.
Abhinandan Lodha, is the owner of, and has the exclusive right to use the brand name ‘House of Abhinandan Lodha’ (“HoABL”), the statements said. ‘Lodha Group’ and ‘House of Abhinandan Lodha’ have no connection with each other. Both entities will communicate this widely, it said. Abhinandan has no rights or claims in Lodha Group or MDL or other businesses of Abhishek. Abhishek has no rights or claims in HoABL or other businesses of Abhinandan, the statements said. “Both Abhishek and Abhinandan express their heartfelt gratitude to Justice R V Raveendran (Retd.), whose guidance in the mediation process was invaluable. The family is grateful to the Justice Arif Doctor for encouraging them to follow the process of mediation,” the statements said. On January 31, the Bombay High Court had appointed a former Supreme Court Justice R V Raveendran as mediator to facilitate discussions, aiming for a resolution within five weeks. Abhishek Lodha and Abhinandan Lodha, the two real estate developers, were in the news after listed real estate firm Macrotech Developers, also known as Lodha Group, where Abhishek Lodha is the Managing Director, filed a 5000-crore lawsuit against his younger brother’s firm, the House of Abhinandan Lodha (HoABL), over allegations that the latter was unlawfully using the ‘Lodha’ or ‘Lodha Group’ brand name. The Lodha brothers are sons of BJP leader and Maharashtra cabinet minister Mangal Prabhat Lodha, and they reached a settlement in 2015.After the 2015 separation, Abhishek Lodha continued to operate under the umbrella of Lodha Group, founded in the 1980s by Mangal Prabhat Lodha. The company was listed in April 2021.
