Madras HC issues notice on plea over Cult.fit CULT trademark
In short
The Madras High Court issued notice on a plea against Cult.fit’s ownership of the CULT trademark before its IPO. Co-founder Deepak Poduval says signatures on 2017 transfer papers were forged.
What the reporting says
The Madras High Court issued notice on a plea challenging Cult.fit’s ownership of the CULT trademark ahead of the company’s IPO. Cultfit Healthcare has denied the allegations, and the case now moves forward in court.
Why it matters
The Madras High Court issued notice on a plea challenging Cult.fit’s ownership of the CULT trademark ahead of the company’s IPO. The petition, was filed by co-founder Deepak Poduval, who alleges that signatures on documents transferring the brand in 2017 were forged. Cultfit Healthcare has denied the allegations, keeping the ownership dispute active as the IPO nears.