Time Incorporated vs Lokesh Srivastava And Anr. on 3 January, 2005
(i) 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 lakhs, 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."