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Delhi High Court awards ₹217 crore as damages for lost profits in patent infringement suit

The Court determined that the damages had to be paid on the basis of lost profits. Accordingly, it estimated the lost market share by assuming that had Mobi not been in the market, CCAI would have sold about 47,355 units at a profit of $550 on each unit. This figure amounted to ₹2,17,47,78,375 (approx ₹217 crores).

Accordingly, the Court granted CCAI a decree of permanent injunction and directed Mobi to ₹2,17,47,78,375 at 5% interest per year from the date of the judgment.

Source: Barandbench

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