Published on August 5, 2022 at 20:52 IST
The Delhi HC has restrained three websites and applications from offering digital coins consisting of trademark owned by ‘KOO’, stating that customers were being mislead into believing that there is a genuine cryptocurrency.
Justice Pratibha Singh directed MEITY to block all websites and issue immediate directions to the Internet Service providers to block the same.
The suit was filed by Bombinate Technologies Private Limited, the parent company of two mobile applications namely, “Vokal” and “Koo”.
The Court was of the view that the websites and applications of the defendants showed that they were vague and were indulging in misuse of Koo’s trademark. The Court also added that the defendants were “consciously misleading customers”.
It added “….the three Defendants, along with unknown people, may be involved in fraudulent transactions, and collection of money from innocent users under the garb of offering digital currencies.”
“The entire operation of the website and the services, appears to be vague, since the details of the persons who have registered these domain names are not available and there is large scale misuse of the Plaintiff’s mark. Therefore, the said Defendants deserve to be injuncted on an urgent basis.”