Mumbai, April 14 -- The Lodha brothers--elder brother Abhishek Lodha and younger brother Abhinandan Lodha--and their companies have amicably resolved all outstanding disputes under the guidance of their parents, a joint statement said Monday.

They have agreed on a few points, which helped resolve the dispute between the brothers.

As per the statement, Macrotech Developers Ltd (MDL) owns and has the exclusive right to use the brand names 'Lodha' and 'Lodha Group'.

Abhinandan Lodha owns and has the exclusive right to use the brand name 'House of Abhinandan Lodha' (HoABL).

'Lodha Group' and 'House of Abhinandan Lodha' have no connection with each other.

"Both entities will communicate this widely," the joint statement read.

In another ...