IndusInd International Holdings Ltd (IIHL), the successful resolution applicant for Reliance Capital, informed the National Company Law Appellate Tribunal (NCLAT) on Friday that it has received approval from the Reserve Bank of India (RBI) to change the company’s name and expects the rebranding process to be completed within eight weeks.
The submission came amid an ongoing trademark dispute with Anil Ambani’s Anil Dhirubhai Ambani Ventures Pvt Ltd (ADAVL), which claims ownership of the ‘Reliance’ brand name.
ADAVL argues that a 2014 licensing agreement that had allowed Reliance Capital to use the brand was terminated in June 2021, well before the initiation of the Corporate Insolvency Resolution Process (CIRP). It contends that IIHL has…