Hero Eco Tech Ltd & Ors. vs Hero Cycles Ltd. & Anr. on 6 May, 2016

2. A Family Settlement Agreement („FSA‟ in short) was executed

OMP (I)(COMM) 136/2016 Page 2 of 20
between four Family Groups of the Munjal family being (F-1, F-2, F-3

and F-4) on 20th May, 2010, wherein, according to the petitioners, the

rights of the different family groups qua the trademark Hero were clearly

demarcated. The petitioners‟ case is that F1 family group, represented

by the petitioner No.2 herein would be entitled to exclusively own and

use the trademark HERO for export of bicycles and parts thereof to all

countries except India, USA, Russia, Australia, New Zealand, Japan and

European Union (except UK, Germany and Turkey) and F-4 Family

Group of which respondent No.2 is a part would be entitled to use the

trademark HERO for bicycles and parts in India and the six countries

excluded above.

Source: Indian Kanoon

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