Trademark Infringement
In relief to Sammaan Capital, HC stays order barring use of Sammaan' name
This story was originally published at 17:07 IST on 18 February 2025
Register to read our real-time news.Informist, Tuesday, Feb. 18, 2025
NEW DELHI – In a relief to Sammaan Capital Ltd. and its wholly-owned subsidiary Sammaan Finserve Ltd., the division bench of the Delhi High Court on Tuesday stayed an order by a single judge bench barring the companies from using the name '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 high court directed Sammaan Capital and Sammaan Finserve to state in all their advertisements that they were formerly known as Indiabulls Housing Finance Ltd. and Indiabulls Commercial Credit Ltd. In their promotional campaign, the companies should say that they have no connection with Svamaan Financial Services, said the division bench. The directives of the court will be carried out in four weeks of its order, said the court.
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 changed its name to Sammaan Capital after considering the rebranding for more than a year. Indiabulls Commercial Credit changed its name to Sammaan Finserve. Other Indiabulls companies involved in trading, finance, and insurance also changed their names to include 'Sammaan'.
The single judge last week 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 Tuesday, shares of Sammaan Capital ended down nearly 3% at INR 117.93 on the National Stock Exchange. End
Reported by Surya Tripathi
Edited by Ashish Shirke
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
