Cello Pens maker moves Bombay HC against former owners
Cello Pens maker BIC Group has moved the Bombay High Court against former owners for allegedly violating a non-compete agreement. BIC acquired Cello Pens from Mumbai-based Rathod family and the sale agreement included a clause that prevented them from entering the stationery business for 36 months. BIC said close relatives of the Rathods started the Unimax stationery brand in 2016.