Bata India has amicably settled the ongoing protracted litigations with Relaxo Footwear in respect of trademark ‘SPARX’. The company has executed a deed of settlement with Relaxo for assignment of trademark ‘SPARX’ in favour of Relaxo and both the companies have agreed to file necessary consent terms before the Delhi High Court in due course, for withdrawal/settlement of all pending litigations filed by/against Relaxo and the company.
The benefit on account of this assignment of trademark along with saving in cost of litigations is considered to be materially beneficial to the company.
Bata India is the largest retailer and leading manufacturer of footwear in India and is a part of the Bata Shoe Organization. The company manufactures footwear for men, women and children. The company manufactures shoes of various quality such as leather, rubber, canvas and PVC shoes.
| Company Name | CMP |
|---|---|
| Bata india | 757.05 |
| Relaxo Footwears | 309.20 |
| Campus Activewear | 248.00 |
| Liberty Shoes | 269.65 |
| Mirza International | 33.77 |
| View more.. | |
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