Mumbai: Anil Dhirubhai Ambani Ventures Pvt. Ltd (ADAVL) has filed a fresh interlocutory application in the National Company Law Tribunal (NCLT) seeking the court’s intervention to direct Hinduja Group-owned IndusInd International Holdings Ltd (IIHL) to stop using the brand ‘Reliance’ once the resolution plan is implemented.
In February, the NCLT had approved IIHL’s takeover of the insolvent Reliance Capital (RCap). As per the order, while approving the resolution plan the NCLT had allowed IIHL, the successful resolution applicant, to use the brand, logo, name and trademark owned, licensed or sub-licensed by RCap , subject to the payment of fees under the existing agreements, and subject to the terms and conditions set in those…
