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Final call in Munjal family row by arbitration panel: Delhi HC – Times of India

NEW DELHI: The Munjal family feud between Pawan Munjal of Hero MotoCorp and his nephew, Hero Electric’s Naveen Munjal, over the previous’s use of ‘Hero’ model for electrics is headed into arbitration.
The Delhi excessive court docket on Thursday didn’t put any rapid keep on Pawan and his firm from utilizing the Hero model for his or her line of electrics — opposed by Naveen below a 2010 family settlement — however stated a ultimate resolution on the matter can be taken solely by an arbitration panel. The Naveen camp will now search an injunction on the model use with the arbitral tribunal.
Both sides expressed “satisfaction” over the court docket’s order, given by a single-decide bench of Justice Vibhu Bakhru. While the Pawan Munjal camp stated that the order permits them to go forward with the launch of electrics utilizing the favored Hero model identify, the Naveen facet stated the order for arbitration stands “in line with our plea”.
The authorized staff representing Pawan claimed that confronted with the likelihood of dismissal of the applying for interim reduction, the Naveen camp withdrew its petition looking for an injunction towards Hero MotoCorp for utilizing the model Hero for electrics. “Hero MotoCorp is now free to use Hero brand name for its electric vehicles, as the Delhi high court has denied Hero Electric any interim relief. We are confident that arbitration award will also be in our favour,” Ris- hello Agarwal of Agarwal Law Associates informed TOI.
On the opposite hand, the Naveen camp claimed that the choice is in line with their plea. “A petition was filed by Hero Electric to refer the disputes to arbitration, which was strongly opposed by Hero MotoCorp. The court, while rejecting all contentions of Hero MotoCorp, has referred all the disputes under the family arrangement to a three member arbitral tribunal. Given the reference of all disputes between the parties, we will be making a prayer for interim injunction against Hero MotoCorp before the duly constituted tribunal. Needless to add that we will also take all possible steps to thwart any challenge to the order of reference of the disputes to arbitration. ”

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