Bombay HC dismisses PhonePe's trademark lawsuit against BharatPe
The Bombay High Court has dismissed the interim injunction application filed by fintech unicorn PhonePe against BharatPe's Buy-Now-Pay-Later (BNPL) arm PostPe, for restraining the use of the brand name 'PostPe, for being identical or similar to PhonePe's trademarks.
The Bombay High Court said in its order dated that the comparison of the two marks, even taken as a whole, does not show any similarity or deceptive similarity.
“The plaintiff (PhonePe) has, therefore, failed to demonstrate a prima facie case in respect of, both, infringement and passing-off in the context of its trademark 'PhonePe',” the court said.
“This is another jolt to PhonePe’s attempts to monopilise the word “Pe”, which is a misspelling of the word “Pay”. We are happy to share that the injunction application by PhonePe against PostPe has been dismissed. Earlier, the Delhi High Court had refused to grant injunction on BharatPe’s brand name to PhonePe. We will continue to take all necessary steps to defend ourselves against any ill-conceived actions taken by PhonePe," said a spokesperson of BharatPe in a media statement.
This is not the first occasion on which the two fintech giants have locked horns against each other before the court of law. In 2019, PhonePe filed a suit against BharatPe in the Delhi High Court alleging that by using the trademark ‘BharatPe’, the company had infringed upon the registered trademark of‘PhonePe’.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.