Digital payments firms BharatPe and PhonePe are finally headed for a full trial over the use of the word ‘Pe’ (pronounced as pay) after nearly two years of court proceedings.
Trial on the matter is expected to start in July.
After the Delhi excessive court docket dismissed PhonePe’s interim injunction plea in April, the corporate moved a division bench to hunt reduction.
Phone and Bharat are nit identical: HC
The single-judge of the HC Justice C Hari Shankar held that the terms ‘Phone’ and ‘Bharat’ are not identical and the plaintiff cannot exclusive claim over the suffix ‘Pe’.
However, it has now withdrawn its injunction plea. As per the latest court order dated 1 June, PhonePe’s senior counsel told the division bench that it does not want to proceed with its injunction plea any further
“After some arguments, learned senior counsel for the appellant (PhonePe) does not wish to press the present appeal. He, however, prays for the expeditious disposal of the suit. Keeping in view of the aforesaid limited prayer, we dispose of the present appeal by directing the learned single judge to expedite the hearing and disposal of the suit. We further direct that none of the parties shall unnecessarily take an adjournment in the proceedings before the learned single judge,” said the recent court order by a division bench of Justice Manmohan and Justice Navin Chawla .