The Lodha brothers Abhishek Lodha and Abhinandan Lodha and their firms have resolved all pending disputes amicably under family mediation, a joint statement released by both sides stated on April 14.
Settlement Finalised Under Parental Supervision
The two brothers have ‘amicably resolved all pending disputes ‘under the supervision of their parents,’ a joint statement released by both the sides stated on April 14.
The following has been agreed and established by the parties: Macrotech Developers Ltd. (“MDL”) owns, and has the exclusive right to use, its associated brand names, the statement added.
Abhinandan owns, and has the exclusive right to use the brand name of his company (“HoABL”), it added.
Separate Brand Identities Established
‘Lodha Group’ and ‘House of Abhinandan Lodha’ are unrelated to one another. Both entities will publicize this, it stated.
Abhinandan does not have rights or interests in Lodha Group or MDL or other ventures of Abhishek. Abhishek does not have rights or interests in HoABL or other ventures of Abhinandan, the release stated.
Gratitude to Mediators and Supporters
“Both Abhishek Lodha and Abhinandan Lodha express their heartfelt gratitude to Justice R.V. Raveendran (Retd.), whose guidance in the mediation process was invaluable. The family is grateful to the Hon’ble Justice Arif Doctor for encouraging them to follow the process of mediation. They also extend their sincere appreciation to all family elders and well-wishers who provided their counsel and support throughout the resolution process,” the statement added.
On January 31, the Bombay High Court had also appointed a retired Supreme Court Justice R V Raveendran as mediator to hold talks, with a goal to resolve the matter within five weeks.
Background of the Dispute and Company Histories
The two real estate builders, Abhishek and Abhinandan, had been in the headlines after listed property company Macrotech Developers, also known as Lodha Group, run by Managing Director Abhishek, launched a ₹5,000-crore legal notice against his younger brother’s company, the House of Abhinandan Lodha (HoABL), alleging illegal use of the brand name.
The brothers, sons of BJP leader and Maharashtra cabinet minister Mangal Prabhat, settled their split in 2015. That year, Abhishek continued under the wing of the family-run real estate group founded in the 1980s. The firm went public in April 2021.
