NDTV·2 min read·medium
The Cult.fit Legal Mess: Family Feud, Forged Sign Claim And Rs 950-Crore IPO
✦AI Summary
Cult.fit is facing a complex legal dispute stemming from a 2016 asset acquisition involving intellectual property rights. The conflict involves allegations of forged signatures and impacts the company's planned Rs 950-crore IPO.
The dispute dates back to 2016. That year, CultFit Healthcare Private Limited, a subsidiary of what is now Cult.fit, acquired certain assets and intellectual property from Cult Fitness. This included the "Cult - The Workout Station" brand name.
businesseconomy
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