PhonePe withdraws injunction plea, to push for full trial

Digital payments firm PhonePe has withdrawn its injunction plea against BharatPe over the use of the suffix ‘Pe’ as it prepares to take on the latter in a full trial expected to start in July.

After the Delhi high court dismissed PhonePe’s interim injunction plea in April, the company moved a division bench to seek relief.

However, it has now withdrawn its injunction plea. As per the latest court order dated June 1, PhonePe’s senior counsel told the division bench that it does not want to proceed with its injunction plea any further

“After some arguments, learned senior counsel for the appellant (PhonePe) does not wish to press the present appeal. He, however, prays for the expeditious disposal of the suit.