Abhishek Lodha’s Macrotech Developers and his younger brother Abhinandan Lodha’s House of Abhinandan Lodha (HoABL) have amicably resolved all outstanding disputes through mediation, both parties said in a joint statement on Monday.
The settlement, which has taken place under their parents’ guidance, involves four key points that have been agreed to by both parties. One, Macrotech Developers will have exclusive rights to use the brand names “Lodha” and “Lodha Group”, and Abhinandan will use “House of Abhinandan Lodha (HoABL)” brand name exclusively. Both sides will own their respective brand names as well. Two, “Lodha Group” and “HoABL” will have no connection with each other and both entities will communicate the same widely. Three, Abhinandan will have no rights or claims on Lodha Group or Macrotech Developers, or other businesses of Abhishek, and Abhishek will have no rights or claims on HoABL or other businesses of Abhinandan.