TAFE Wins Interim Injunction in Massey Ferguson Trademark Suit
By Rediff Money Desk, New Delhi Oct 18, 2024 13:57
TAFE secures interim injunction from Madras High Court in its trademark ownership suit against AGCO Corporation for the Massey Ferguson brand in India.
New Delhi, Oct 18 (PTI) Farm equipment maker TAFE on Friday said the Madras High Court has granted an interim injunction in its favour in the ownership suit of the Massey Ferguson (MF) brand against US-based AGCO Corporation.
TAFE had filed a civil suit before the Madras High Court against AGCO's subsidiary Massey Ferguson Corporation claiming that the said trademarks distinctive of TAFE in India, are exclusively owned by TAFE.
It had sought a declaration that TAFE owns the Massey Ferguson Brand/Trademarks in India.
TAFE had also sought "interim injunctions restraining AGCO's Massey Ferguson Corp and their representatives from interfering with TAFE's exclusive use of the MF Brands/Trademarks in any manner and from representing themselves as the owner/proprietor/rights holder etc. of the Massey Ferguson Brands / Trademarks pending disposal of the suit".
"The high court after hearing detailed submissions from both parties, by an ad-interim order pronounced yesterday (October 17, 2024) granted the above injunctive reliefs in favour of TAFE," the company said in a statement.
The details of the order passed by the court are expected shortly, it added.
Last month, TAFE had also filed contempt of court petition against AGCO, which had terminated multiple agreements with TAFE with immediate effect.
The terminated agreements included the Massey Ferguson brand licence and distributor agreements for India, Nepal, and Bhutan, along with an intellectual property licence agreement covering India, Nepal, Sri Lanka, Bangladesh, and Bhutan.
TAFE had filed a civil suit before the Madras High Court against AGCO's subsidiary Massey Ferguson Corporation claiming that the said trademarks distinctive of TAFE in India, are exclusively owned by TAFE.
It had sought a declaration that TAFE owns the Massey Ferguson Brand/Trademarks in India.
TAFE had also sought "interim injunctions restraining AGCO's Massey Ferguson Corp and their representatives from interfering with TAFE's exclusive use of the MF Brands/Trademarks in any manner and from representing themselves as the owner/proprietor/rights holder etc. of the Massey Ferguson Brands / Trademarks pending disposal of the suit".
"The high court after hearing detailed submissions from both parties, by an ad-interim order pronounced yesterday (October 17, 2024) granted the above injunctive reliefs in favour of TAFE," the company said in a statement.
The details of the order passed by the court are expected shortly, it added.
Last month, TAFE had also filed contempt of court petition against AGCO, which had terminated multiple agreements with TAFE with immediate effect.
The terminated agreements included the Massey Ferguson brand licence and distributor agreements for India, Nepal, and Bhutan, along with an intellectual property licence agreement covering India, Nepal, Sri Lanka, Bangladesh, and Bhutan.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.77 ( -2.53)
- 52744390
- Vodafone Idea L
- 9.02 ( -0.44)
- 34781998
- Standard Capital
- 1.15 (+ 9.52)
- 33669932
- Filatex Fashions
- 1.08 (+ 1.89)
- 26350500
- Spicejet Ltd.
- 60.48 ( -1.10)
- 21731107
MORE NEWS
Zee Ent Q2 Profit Surges 70% to Rs 209.4 Cr
Zee Entertainment Enterprise Ltd's Q2 profit jumped 70.24% to Rs 209.4 crore, driven by...
Cushman & Wakefield Appoints New MD for North...
Cushman & Wakefield has appointed Supriya Chatterjee as Managing Director of its North...
Million Dollar Listing: India Premieres on Sony...
Sony LIV is bringing the Indian adaptation of 'Million Dollar Listing', showcasing...