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Nucleus Software Granted Injunction Against FinOne Technologies in Trademark Infringement Case

January 28, 2016 | Press Release

New Delhi, India, Jan 28, 2016.  The Hon’ble High Court of Delhi, in an ad-interim order on Jan 19, 2016 granted an ex-parte injunction in favour of Nucleus Software Exports Limited against M/s FinOne Technologies Pvt. Ltd., a Bangalore-based financial services solutions company. The order restrains the latter from promoting or selling any software products and solutions under the trademark ‘FinOne’ or ‘fin1 ’or any other trademark which is identical or deceptively similar to Nucleus’ brand ‘FinnOne’. Nucleus was represented by M/s ANAND AND ANAND, a leading IP Law Firm of the country.

Nucleus Software argued that the adoption of the trademark ‘fin1’ by the defendants was clearly intended to trade upon the goodwill of Nucleus in their flagship product “FinnOne” that was first launched in the year 2001.


Commenting on the ad-interim injunction, Mr. Vishnu R. Dusad, CEO Nucleus Software said, "I am pleased that the Delhi High Court granted us urgent ad-interim relief protecting our legal rights in our intellectual property. We have invested substantially over the years in innovative technology and also registered our trade marks in relation to our products, and we are working vigorously to protect our IP, worldwide, from any kind of misuse by others. It is significant to note that the judiciary was exceptionally prompt and receptive to our contentions. We are thrilled with the order”.

About Nucleus Software

Nucleus Software (BSE & NSE: NUCLEUS) is the leading provider of lending and transaction banking products to the global financial services industry. Its software powers the operations of more than 150 companies in 50 countries, supporting retail banking, corporate banking, cash management, internet banking, automotive finance and other business areas. Nucleus Software is known for its world-class expertise and innovation in lending and transaction banking technology. It has two flagship products, built on the latest technology:
  • FinnOneTM 10 time winner - World’s Best Selling Lending Solution. 
  • FinnAxiaTM, an integrated global transaction banking solution used by banks worldwide to offer efficient and Innovative global payments and receivables, liquidity management and business internet banking services.
Forward-looking and Cautionary Statements: For risks and uncertainties relating to forward-looking statements, please visit: http://www.nucleussoftware.com/safe-harbor.

For Media related information, please contact:

Rashmi Joshi, Nucleus Software
Email: rashmi.joshi@nucleussoftware.com
Phone: +91-9560694654