Mumbai, Sept 29: Hindustan Lever Ltd (HLL) is understood to have filed a caveat in the Mumbai high Court to avoid any delay in acquiring the Cococare brand, say industry sources. The FMCG major is believed to have taken the step in consultation with leading law firm Crawford & Bailey. Soon after learning about the brand sale deal between HLL and Recon Oil Industries, Marico Industries served legal notices to the companies claiming it had reached an understanding with Recon on the sale of the trademark `Cococare' to Marico.While HLL could not be contacted, it is learnt that the multinational has filed a caveat to evade an event wherein Marico Industries goes to court against the sale and the court serves an injunction on the case. Such a situation can lead to a delay in the brand transfer to HLL. A caveat is generally filed to inform the court that in the event of a case being filed against the company/deal, the court should not pass any ex-parte order without hearing the party against whom the case hasbeen filed.
According to Marico, the legal notices served on Recon Oil and HLL reiterate the fact that an understanding had been reached between the company and Recon and point out that any other understanding or transaction concerning the trademark `Cococare' would be in violation of the prior understanding with Marico.
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