The bench headed by Justice Sanjeev Narula in the case observed and seek WhatsApp's response in a suit filed by Peak XV Partners Advisors India LLP, formerly Sequoia Capital India & SEA, against various unknown persons (john doe) wherein it alleged that a fraudulent online investment and trading scheme was orchestrated by them.
It was also alleged before the court that unwary consumers were directed to the website and mobile application 'https://pakxv.joyppp.com/' and 'PAK XV' and multiple investment options were offered, but the returns were not received by the investors.
It has also been alleged by Peal XV that the unknown individuals were using the name 'PAK XV', which was deceptively similar to its 'PEAK XV' trademark, to lure the consumers.
Further, it has been claimed before the court that the impugned website was offering an option for customer service through WhatsApp group titled 'Peak XV 1026'.
Esta historia es de la edición March 18, 2024 de The Business Guardian.
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