Delhi High Court Imposes ₹10 Lakh Fine on Parle Agro in Trademark Case with PepsiCo
Delhi HC fines Parle Agro ₹10,00,000 in PepsiCo trademark dispute
Business Standard
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The Delhi High Court has fined Parle Agro ₹10 lakh for failing to disclose sales figures in a trademark dispute with PepsiCo over the tagline 'For The Bold.' The court highlighted the importance of compliance with judicial orders and directed the fine to be paid to the Bharat Ke Veer fund within three weeks.
- 01Parle Agro fined ₹10 lakh for non-compliance in trademark dispute.
- 02The case involves the tagline 'For The Bold' used for Parle Agro's 'B Fizz' drink.
- 03The court emphasized the importance of timely compliance with judicial orders.
- 04Parle Agro must file an unconditional apology within four weeks.
- 05The next hearing is scheduled for September 10.
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The Delhi High Court has imposed a fine of ₹10 lakh (roughly $12,000 USD) on Parle Agro for failing to comply with its previous order regarding the disclosure of sales figures in a trademark dispute with PepsiCo. The dispute centers around the use of the tagline 'For The Bold' for Parle Agro's 'B Fizz' drink. Justice Tushar Rao Gedela noted that while the non-submission of sales data was not deemed willful, it constituted a serious violation of the court's directives. The court had previously allowed Parle Agro to use the tagline under specific conditions, including submitting certified sales figures every two months. However, Parle Agro had not complied for over two and a half years. The court stressed the necessity of adhering to judicial orders and directed Parle Agro to deposit the fine with the Bharat Ke Veer fund within three weeks. Additionally, the company must submit an unconditional apology within four weeks. The case will continue to be heard on September 10.
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This ruling underscores the importance of compliance with court orders, which may affect how companies manage their advertising and sales disclosures in the future.
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