Justice Manmohan Singh directed the private person to transfer the sites, www.Cyrusmistry.Co.Uk and www.Cyrusmistry.Co, in favour of Mistry.
"The loss and damage incurred by the plaintiffs (Tata and Mistry) is also on account of loss of reputation and goodwill of the plaintiffs/its Chairman and companies promoted by him in the market. The defendant (Aniket Sigh) is blatantly and illegally capitalizing on the strength of use of the well known personal name of plaintiff 2 i.E Cyrus P Mistry for the purposes of making illegal profit and gain.
The court also imposed punitive costs of Rs five lakh on the defendant and directed that the amount be deposited with the Delhi High Court Library Fund.
The judge noted that the domain names were created on December 20, 2011, barely a month after Tata group announced that Mistry would be taking over as Chairman from December 2012.
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"The underlying tenor of the email is a manifestation of the ulterior motive of the defendant to extort money illegally and unfairly from the plaintiffs," the court noted in its 17-page order.
The high court said that increase in number of high-value
endorsement deals being signed by famous personalities signifies the tremendous value attached to such endorsements.
"It is therefore evident that if such commercial value in a personality is appropriated by persons like the defendant who are not authorized to do so, then the said personality, i.E. Mistry, the plaintiff No. 2, should be granted the right to sue for such embezzlement." the court said.
It also noted that the defendant was "deliberately and in an unauthorized manner" trying to "usurp" the reputation of the businessman.
"Thus, it is evident that the defendant has registered the impugned domain names with the mala-fide and ulterior motive of holding the plaintiffs to ransom and thereafter with the evil intention of extorting huge amounts of money from the plaintiffs. The said malpractice shall never be allowed by this court.