Today, On 24th December, The Delhi High Court restrained the use of the name ‘PhonePey Loan’ in a trademark case filed by PhonePe. The court also ordered GoDaddy to take down the ‘PhonePey Loan’ website. PhonePe raised concerns that the name was too similar to its trademark. The court’s decision is to avoid any confusion among users.
![[BharatPe 81 Crore Fraud Case] Delhi High Court Quashes Lookout Circular Against Ashneer Grover, Wife Madhuri](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/10/image-29.png?resize=447%2C367&ssl=1)
The Delhi High Court Today (Oct 7) informed that fintech firm BharatPe, its former co-founder Ashneer Grover and his wife Madhuri Jain Grover have settled their disputes in a case of an alleged Rs 81 crore fraud. The parties urged Justice Chandra Dhari Singh to quash the FIR lodged against Grover and his family in light of the September 30 settlement agreement. Court listed the matter on October 8.
The Supreme Court rejected PhonePe’s trademark infringement claim against DigiPe, emphasizing the complexities of trademark disputes in fintech. PhonePe argued that DigiPe’s name could confuse consumers, but the court noted the widespread use of “Pe.” The decision highlights the need for distinct branding and evidence in trademark disputes in the digital payments industry.
