Sammaan Capital moves HC against order barring use of "Sammaan" name
This story was originally published at 19:14 IST on 13 February 2025
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NEW DELHI – Sammaan Capital Ltd. and its wholly-owned subsidiary Sammaan Finserve Ltd. on Thursday moved a division bench of the Delhi High Court against a single-judge bench's order barring them from using "Sammaan" or any name similar to Svamaan Financial Services Pvt. Ltd.'s trademark till final adjudication of the trademark infringement suit filed by the latter.
The division bench said it will hear the case Friday. Status quo as of Thursday will continue till Friday, the bench added.
Svamaan Financial, a non-banking finance company registered with the Reserve Bank of India as a microfinance institution, had filed a trademark infringement suit after learning that Indiabulls Housing Finance was planning to change its name to Sammaan Capital.
Last year, Indiabulls Housing Finance Ltd. changed its name to Sammaan Capital Ltd. after considering the rebranding for more than a year. Indiabulls Commercial Credit Ltd. changed its name to Sammaan Finserve Ltd. Other Indiabulls companies involved in trading, finance, and insurance also changed their names to include "Sammaan".
The single judge ruled that Svamaan Financial had been using the "Svamaan" mark commercially since at least 2019. Since Sammaan Capital was using its old name till at least June and began advertising the Sammaan mark only from July, it could not claim to have acquired goodwill and reputation in the mark, the judge said.
Svamaan Financial had a total loan book of INR 9.68 billion as of Aug. 31. Sammaan Capital's business primarily focuses on long-term secured mortgage-backed loans. The size of the company's balance sheet as of Mar. 31 was INR 730.66 billion.
On Thursday, shares of Sammaan Capital ended flat at INR 125.32 on the National Stock Exchange. End
Reported by Surya Tripathi
Edited by Rajeev Pai
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