In a significant development, the Lodha brothers ¡ª elder brother, Abhishek Lodha and younger brother, Abhinandan Lodha ¡ª and the companies led by them, have amicably resolved all outstanding disputes under the guidance of their parents.
The following has been agreed and confirmed by the parties:
¡ñ Macrotech Developers (MDL), is the owner of, and has the exclusive right to use, the brand names ¡®Lodha¡¯ and ¡®Lodha Group¡¯.
¡ñ Abhinandan Lodha, is the owner of, and has the exclusive right to use the brand name ¡®House of Abhinandan Lodha¡¯ (HoABL).
¡ñ ¡®Lodha Group¡¯ and ¡®House of Abhinandan Lodha¡¯ have no connection with each other. Both entities will communicate this widely.
Both Abhishek and Abhinandan express their heartfelt gratitude to Hon¡¯ble Justice R.V. Raveendran (Retd.), whose guidance in the mediation process was invaluable. The family is grateful to the Hon¡¯ble Justice Arif Doctor for encouraging them to follow the process of mediation. They also extend their sincere appreciation to all family elders and well-wishers who provided their counsel and support throughout the resolution process.
¡ñ Abhinandan has no rights or claims in Lodha Group or MDL or other businesses of Abhishek. Abhishek has no rights or claims in HoABL or other businesses of Abhinandan.