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Case Name : Avantha Holdings Limited v. CG Power and Industrial Solutions Limited (Delhi High Court)
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Avantha Holdings Limited Vs CG Power and Industrial Solutions Limited (Delhi High Court) FACTS OF THE CASE The Respondent, a public limited company, entered into a Royalty Agreement with the Petitioner to use the Petitioner’s brand name Avantha. So, the Respondent had signed a brand licence and support agreement for the Avantha brand. The Respondent and Petitioner reached an agreement wherein the Respondent agreed to pay the Petitioner Brand Royalty calculated at 1% of the Petitioner’s Annual Consolidated Net Operating Revenue. The Petitioner claimed that the Respondent declined to...
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