'Defrauding Unsuspecting Users': Delhi High Court Grants John Doe Injunction Over Trademark Infringement Of Share Market App 'INDmoney'

The Delhi High Court has passed a john doe interim injunction restraining rogue websites and applications from infringing the trademark of share market and financial services app INDmoney.Justice Manmeet Pritam Singh Arora was prima facie satisfied that the defendant-entity, by making unauthorised use of the Plaintiffs' trademarks, has been luring unsuspecting users to invest monies with the said Defendant No. 1.“The actions of Defendant No. 1 are misleading unsuspecting customers, resulting in them sharing their confidential information and spending their hard-earned money on these infringing platforms. It is evident that Defendant No. 1 are trying to create the impression that their websites, Social Media Groups, are associated with the Plaintiffs. The filing of the cyber cell criminal complaints by the Plaintiffs shows that Defendant No. 1/unknown person in addition to the illegal use of the trademarks is defrauding the unsuspecting users by causing losses to them,” the bench said.Plaintiff contended that Defendant No. 1 by creating fake WhatsApp and Telegram groups, using names of well-known financial advisors, and even impersonating Plaintiffs' founder, Ashish Kashyap, lures victims with false promises of high investment returns through block trading, IPOs, and stock tips. It is further alleged that Defendant No.1's fraud involves circulating forged SEBI registration certificates, fake agreements, and counterfeit loan documents to the unsuspecting users, as well as deploying fraudulent mobile apps that imitate Plaintiff's trademarks.Plaintiff submitted that Defendant dupes innocent customers of huge sums of money and as a consequence, Plaintiffs are suffering irreparable damage and injury on account of maligning of its goodwill and reputation.The Court has issued summons on the main suit and listed the matter for hearing on December 17.Meanwhile, it has ordered Google and Apple to take down the domains/URLs of the Impugned websites and Mobile Applications.Court has also ordered WhatsApp and Telegram to block the impugned Telephone numbers/WhatsApp numbers/ WhatsApp Groups/Telegram links.Appearance: Mr. Kripa Pandit, Mr. Navreet Kaur, Mr. Avijit Sharma, Mr. Christopher Thomas, Ms. Pranjali Arya and Mr. Bhanu Gupta, Advocates for Plaintiffs; Mr. Mohit Singh, Ms. Shivika Mattoo, Advocates for D-5 Mr. Madhav Khosla, Advocate for D-6 Mr. Vihan Dang, Ms. Anuparna Chatterjee and Mr. Aditya Mathur, Advocates for D-9Case title: Indmoney Tech Private Limited & Anr. v. Ashok Kumar And Ors.Citation: 2025 LiveLaw (Del) 945Case no.: CS(COMM) 744/2025 Click here to read order

'Defrauding Unsuspecting Users': Delhi High Court Grants John Doe Injunction Over Trademark Infringement Of Share Market App 'INDmoney'

Kapil Dhyani

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