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2. The Plaintiff has secured registrations for the trademark

“Moneycontrol’ and its formative versions, including “ ”,

“Moneycontrol+”, “Moneycontrol Plus”, “ ” and

“moneycontrol.com” in classes 09, 16, 35, 36, 38, 41, 42, and 45 inter alia in

relation to financial affairs, digital platforms and applications qua finance,

etc. The details of registrations are mentioned in paragraph no. 7 of the plaint.

3. The present suit concerns the use of Plaintiff’s MONEY CONTROL

marks by Defendants No. 1 to 21, who as per the Plaintiff falsely claim to be

affiliated with the Plaintiff and offering financial investment tips.

4. It is stated that in March 2024, Plaintiff started receiving several

complaints on its grievance redressal email ID and online portals, relating to

unsolicited messages being sent to the public by Defendants Nos. 1 to 21, who

wrongfully represented themselves to be Plaintiff’s employees and asked

unwary consumers to join the WhatsApp group titled “CINV- The Premier

Strategy Group” and/or its group name variations, for stock market trading

tips, insights, insider tips, stock diagnostic analysis etc.

5. It is stated that in these groups, Defendants No. 1 to 21 made false

representations that their ‘CINV’ initiative is co-sponsored by the Plaintiff,

ICICI Bank, Punjab National Bank, and other brokerage firms. To mislead the

consumers, the Defendants in the WhatsApp group offered luxurious gifts,

including providing expected yields of “over 30% profits in a week with

explosive short-term stock”. Purportedly, a professor named Mr. Dev Shah

offered training to the unwary consumer enabling securing a 500% return on

investment. The Defendants made a false claim pertaining to launch a mutual

CS(COMM) 328/2024 Page 2 of 14

This is a digitally signed order.

The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.

The Order is downloaded from the DHC Server on 06/02/2026 at 13:28:48

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fund titled ‘CINV INDIA No.1’ on 23.08.2024 with an aim to raise ‘30

Billion’.

6. It is further stated that it is Defendants Nos. 1 to 18 who approached

unsuspecting members of the public to join the said WhatsApp groups, while

Defendants Nos. 19 and 20 were the group administrators of the WhatsApp

group “CINV- the Premier Strategy Group No. 84”. And, Defendant No. 21

sent a fraudulent message on the WhatsApp group(s) falsely claiming that

CINV is co-sponsored by the Plaintiff.

7. It is stated that aggrieved by the aforesaid illegal and unauthorised acts

of the Defendants, the Plaintiff was constrained to file the captioned suit.

8. Learned counsel for the Plaintiff has submitted that the suit may be

disposed of in terms of the prayer clause 37(i) to (iii) of the plaint as well as in

terms of the directions in paragraph 22 of the order dated 25.04.2025 against

the Defendants 1 to 21.

9. The Plaintiff has filed a note of submissions dated 13.12.2025 and note

on directions dated 19.12.2025 sought qua all the Defendants.

Overview of Proceedings

10. The Court vide ad-interim order dated 25.04.2024, which was

confirmed on 17.09.2025, has already injuncted the Defendant nos. 1 to 21

from using the impugned marks.

11. Vide order dated 25.04.2024, this Court passed several directions

against Defendant No. 22 (WhatsApp LLC), Defendant No. 23 (Vodafone

Idea Limited), Defendant No. 24 (Bharti Airtel Limited), Defendant No. 25

(Reliance Jio Infocomm Limited) and Bharat Sanchar Nigam Limited (which

was arrayed as Defendant No. 25 and subsequently deleted from the array of

parties vide order dated 02.12.2024), inter alia, directing them to temporarily

CS(COMM) 328/2024 Page 3 of 14

This is a digitally signed order.

The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.

The Order is downloaded from the DHC Server on 06/02/2026 at 13:28:48

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23.1. The Plaintiff, while addressing its arguments on 12.12.2025, had

sought a pra

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