HC reserves order till Tue on use of 'Sammaan' name by Sammaan Capital
This story was originally published at 14:03 IST on 14 February 2025
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NEW DELHI – The division bench of the Delhi High Court on Friday gave relief to Sammaan Capital Ltd. and its wholly-owned subsidiary Sammaan Finserve Ltd. in a plea related to the use of the name 'Sammaan'. The division bench reserved its order till Tuesday on a petition by the company and its subsidiary 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 the final adjudication of the trademark infringement suit filed by the latter. The division bench said it will pronounce its order on Tuesday.
Svamaan Financial, a non-banking finance company registered with the Reserve Bank of India as a microfinance institution, had filed a trademark infringement suit before a single judge bench of the court 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'.
On Monday, the single judge had 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.
At 1331 IST, shares of Sammaan Capital were down 3.5% at INR 120.90 on the National Stock Exchange. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Surya Tripathi
Edited by Avishek Dutta
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