The legal battle between PepsiCo and MagFast Beverages company in the civil court was decided in favor of Magfast in the civil court.
The legal battle between PepsiCo and MagFast Beverages company in the civil court was decided in favor of Magfast in the civil court. MagFast has been accusing PepsiCo of using its brand name.
Chairman Syed Ghaziuddin, chairman of Hyderabad-based company Magfast Beverages, said on Monday that MagFast Beverages started selling packaged drinking water called Mountain Dew in the year 2000. After this, in 2003, PepsiCo launched a soft drink in India with the same name, Mountain Dew.
After this, PepsiCo filed a case against our company in Delhi High Court. The Delhi High Court turned down his appeal and appointed the Advocate Commissioner. The Advocate Commissioner thoroughly examined all our relevant documents to ascertain the reliability of the product.
Ghaziuddin said that he had appealed to the Supreme Court to transfer this court from Delhi to the Civil Court of Hyderabad. Because of this, the case was transferred to Hyderabad. Here we fought this case for 15 years and on 31 December 2019, the court rejected all the claims of the PepsiCo company. Although we had won the case in December, we waited till the court order. As far as compensation is concerned, in 2004, PepsiCo filed an undertaking that if PepsiCo loses the case, it will give necessary compensation to Mag Fest Beverages.
PepsiCo will move High Court
In this regard, a PepsiCo India spokesperson says that Mountaine du is a registered trademark of PepsiCo, which the company has been using in the country since 1985. The order of Hyderabad Civil Court will not affect the company’s trademark rights. He further said that now PepsiCo will challenge the order of the Civil Court in the High Court.
Along with this, he said that PepsiCo has been advised that there is a strong basis for appeal against the decision of the Hyderabad Civil Court in terms of facts and law and we are moving forward in the process of filing an appeal in the High Court.