Hang Seng controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2020
HSIL sues ICICI Securities over Jaquar brand report
Lawsuit filed
HSIL said it filed a suit against ICICI Securities over an April 28 report that described Jaquar as India's No. 1 sanitaryware brand. HSIL alleged that the report was false and defamatory and disparaged its products and brand; these are allegations reported by HSIL, not a court determination of their truth.
Company response
Investigation — HSIL Limited
The report was brought to the notice of the company on April 28 whereby the company contacted the concerned persons at ICICI Securities and brought to their notice the fallacies and illegalities of their report.
Source excerpt
On the failure of ICICI Securities to withdraw the report and issue a clarification as to the efalse and misleading' contents of the said report, the company has filed legal a suit titled eHSIL Ltd. & Anr Vs ICICI Securities & Ors' at the Delhi High Court.
Leading sanitaryware brand, HSIL Limited, has a filed a case against prominent brokerage ICICI Securities for a "defamatory and disparaging" research report, which said that Jauguar has become Indias No. 1 sanitaryware brand.
The Delhi High Court was pleased to pass the order, directing ICICI Securities to communicate the fact of the substitution of the report to all concerned.