Heard the Counsel for the parties.

2. The facts of the case are as follows:

The petitioner is a company incorporated under the Companies Act, 1956, in the State of Karnataka as on 7.2.1986 with the object of manufacturing and selling rear view mirrors and reflectors for automobiles. The petitioner was earlier known as M/s Reflex Auto Products Limited.

The Company diversified its activities into manufacturing industrial tapes and changed its name to M/s Technova Tapes (India) Private Limited, with effect from 26.6.1995. A fresh Certificate of Incorporation was issued by the Registrar of Companies. The petitioner manufactures industrial adhesive tape and claims to be the leading manufacturer of the product in India. It has developed and marketed more than 80 different types of tapes with specialised applications. It is an ISO 9001:2000 company. The name of the company therefore, according to the petitioner is indicative of its intention to be an inNOVAtor in TECHnological advancement that characterises the specialised adhesive tapes developed and manufactured by it.

It is contended that the petitioner has developed goodwill and reputation that is associated with the name o