New Delhi: The Delhi high court has temporarily stopped brokerage Sharekhan Ltd from using the Maxtrade trademark till a legal dispute over it is settled.

The Royal Bank of Scotland (RBS) has disputed the Maxtrade trademark in court for allegedly infringing upon its Maxtrad trademark. Sharekhan had requested the court to lift an earlier stay.

While extending the stay, the court of judge Manmohan Singh found that there was a strong case made by the lender in protecting its rights in Maxtrad and that it had succeeded in showing that there was infringement of its trademark.

The Maxtrad mark owned by RBS was in reference to an online service software to manage trade finance and supply chain management transactions globally.

Sharekhan contended that the clientele for RBS and Sharekhan’s products were different. While RBS offered services to companies, organisations or groups, Max Trade was to be used by individuals in intraday trading on platforms including BSE and the National Stock Exchange. The court, however, found that the two businesses were allied.

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