(1.) The present suit being a "commercial dispute"? has been filed by the plaintiffs seeking permanent injunction restraining the defendant, its Directors, servants and agents, distributors, wholesalers, dealers retailers or any other person acting for and on their behalf from manufacturing, exporting, selling, offering for sale, advertising, directly or indirectly dealing in any manner, in India with regard to products and services bearing the trademark/logo VERZIL by itself or with other words or variant or any other mark/logo which is deceptively similar to the plaintiffs' registered trademark or in any other manner whatsoever, including but not limited to trademark VERZOL as is likely to lead to infringement of the registered trademark or any other mark/logo and the depiction of the same in artistic writing style, lay out, get up, colour scheme along with its other essential features, and arrangement in any material form which may be identical with or deceptively similar to it which is likely to lead to passing off of the defendant's goods and/or business as or for those of plaintiffs or amounts to dilution and tarnishment of the plaintiffs' trademarks, get up, colour combination etc. and copyright infringement besides delivery up and destruction of all the impugned material, damages of INR 2,00,00,000 and rendition of accounts of profits of the defendant account of sale of the products under the impugned mark/logo.
(2.) On 24/2/2021, learned counsel for defendant had submitted before this Court that defendant has no objection to the decree of permanent injunction being passed against the defendant, subject to the plaintiffs giving up the claim for damages and costs.
(3.) In response to the aforesaid, learned counsel for plaintiffs on instructions had submitted that plaintiffs shall not press for damages and costs against defendant in view of statement made by defendant. However, submitted that plaintiff's trade mark is a well known trade mark and plaintiffs shall invite a judgment on this aspect.