The Settlement Conditions:
After mediation, the parties (brothers) agreed to settle the matter. Here are the four settlement conditions:
Abhishek Lodha’s Macrotech Developers Ltd (MDL) will have the exclusive rights to use the brand name ‘Lodha’, and ‘Lodha Group’
Abhinandan Lodha will have the exclusive rights to use the brand name ‘House of Abhinandan Lodha (HoABL)’
Abhishek has no rights or claims in HoABL or other businesses of Abhinandan, and Abhinandan has no rights or claims in Lodha Group or MDL or other businesses of Abhishek
‘Lodha Group’ and ‘House of Abhinandan Lodha’ have no connection with each other, and both entities will communicate it widely
Reportedly, in a joint statement, the brothers acknowledged the support and advice from family members, well-wishers, the mediation process, and the court. The dispute is finally settled amicably.