The Bombay Stock Exchange (BSE) has become embroiled in a legal battle over the use of a trademark. The dispute centres on the word “Sensex”, an abbreviation of the exchange’s Sensitive Index, and emerged when the stock exchange attempted to register the word as a trademark.
Disputing the application is Indian financial analyst Deepak Mohoni, who says he invented the word in 1989. The BBC reported that Mohoni has evidence from 1989 and the early 1990s to prove that he was using the term before the Bombay Stock Exchange adopted it.
Mohoni filed a suit in a court in Pune to overturn the BSE’s application on the grounds that Sensex is a word that is “invented, coined and owned by the plaintiff since or earlier than 1989”. He said he was driven to take court action when lawyers representing the BSE contacted him and asked him to withdraw his application, saying it was not justified.
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