Overview
- Macrotech Developers, led by Abhishek Lodha, retains exclusive rights to the 'Lodha' and 'Lodha Group' brand names.
- Abhinandan Lodha's firm, House of Abhinandan Lodha (HoABL), will exclusively use its brand name and operate independently.
- The brothers have agreed to clearly communicate that their businesses are unconnected to avoid customer confusion.
- The settlement follows family-guided mediation and judicial oversight, with retired Supreme Court Justice R.V. Raveendran playing a key role.
- The resolution closes a legal chapter that included allegations of forgery and a 5000-crore lawsuit filed by Macrotech Developers.