Time Incorporated vs Lokesh Srivastava And Anr. on 3 January, 2005
In Time Incorporated Vs. Lokesh
Srivastava & Anr., 2005 (30) PTC 3 (Del.) while awarding punitive
damages of Rs. 5 lakhs in addition to compensatory damages also of
Rs. 5 lac, Justice R.C. Chopra observed that "time has come when
the Courts dealing in actions for infringement of trademarks,
copyrights, patents etc., should not only grant compensatory
damages but also award punitive damages with a view to discourage
and dishearten law breakers who indulge in violation with impunity
out of lust for money, so that they realise that in case they are
caught, they would be liable not only to reimburse the aggrieved party
but would be liable to pay punitive damages also, which may spell
financial disaster for them."