Home » Economy » NCLAT asks for timeline from IIHL for changing the name of Reliance Capital; Next hearing on November 21

NCLAT asks for timeline from IIHL for changing the name of Reliance Capital; Next hearing on November 21

Hinduja Group’s IIHL Under Pressure to Drop ‘Reliance’ Brand – Urgent Update

Mumbai, India – October 24, 2025 – A significant legal battle is unfolding in the Indian corporate landscape as the National Company Law Appellate Tribunal (NCLAT) has directed IndusInd International Holdings Limited (IIHL), a Hinduja Group company, to provide a definitive timeline for ceasing the use of the ‘Reliance’ brand name. This breaking news stems from an appeal filed by Anil Dhirubhai Ambani Ventures Private Limited (ADAVL) following IIHL’s acquisition of Reliance Capital. The stakes are high, and the outcome could reshape branding strategies in future corporate takeovers. This is a developing story with major SEO implications for related searches.

Image Credit: Money9 Live (as per source)

The Core of the Dispute: Reliance Brand Ownership

The controversy centers around the continued use of the ‘Reliance’ name by IIHL after acquiring Reliance Capital for Rs 9,650 crore in April 2023. ADAVL argues that the use of the ‘Reliance’ brand infringes upon its rights and seeks a complete ban. The initial petition filed by ADAVL was rejected by the National Company Law Tribunal (NCLT) in October 2024, prompting the appeal to NCLAT. This isn’t simply about a name; it’s about protecting brand equity and preventing consumer confusion in a fiercely competitive market.

NCLAT’s Directive and IIHL’s Response

During a recent hearing, IIHL informed NCLAT that the process of changing the company’s name has already begun and is expected to be completed within approximately eight weeks. However, the tribunal pressed for a concrete date by which the ‘Reliance’ name would no longer be in use. IIHL’s counsel requested time to obtain further instructions on this matter. The two-member NCLAT bench, comprising Justices Mohammad Faiz Alam Khan and Naresh Salecha, has scheduled a follow-up hearing for November 21, 2025, where IIHL is expected to present a clear timeline.

Reliance Capital’s Journey to Acquisition

The saga of Reliance Capital began in November 2021 when the Reserve Bank of India (RBI) placed the company under administration due to governance issues and payment defaults. Nageswara Rao Y was appointed as administrator and initiated a bidding process for the company’s acquisition in February 2022. IIHL ultimately emerged as the successful bidder, also contributing an additional Rs 200 crore to bolster the solvency of Reliance General Insurance. This acquisition was a complex process, highlighting the challenges and opportunities within India’s financial restructuring landscape.

Why This Matters: Brand Valuation and Corporate Acquisitions

This case underscores the critical importance of brand valuation during mergers and acquisitions. The ‘Reliance’ name carries significant weight in the Indian market, and its continued use by IIHL, even after the acquisition, has sparked this legal challenge. Experts suggest that future acquisitions will likely see even more rigorous scrutiny of brand usage rights, potentially leading to more detailed clauses in acquisition agreements. For businesses considering acquisitions, understanding the full value – and potential liabilities – associated with a brand is paramount. This is a key consideration for Google News algorithms when ranking related content.

The outcome of this NCLAT hearing will not only determine the future of IIHL’s branding but also set a precedent for how brand names are handled in similar corporate transactions. Stay tuned to archyde.com for further updates on this developing story and in-depth analysis of its implications for the Indian corporate world. We’ll continue to provide timely and insightful coverage of breaking news and its impact on businesses and investors.

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