SpicyIP Tidbit: Delhi High Court Directs to Auction “Fortis” Trademark in the Daiichi-Ranbaxy Dispute
In a fresh twist to the Daiichi-Ranbaxy saga, the Delhi High Court on October 29 directed (pdf) to auction the “Fortis” trademark to recover a part of the INR 4900 crore owed to Daiichi by the judgement debtors in the aftermath of the 2016 arbitral award (originally, as reported here, INR 3500 crores were awarded to Daiichi). The arbitral tribunal had held that the Ranbaxy promoters, Malvinder Singh and Shivinder Singh, had fraudulently misrepresented and concealed material facts about the […]









