The Supreme Court has asked the Delhi high court to settle the dispute between Kabushiki Kaisha Toshiba (Toshiba Corporation) of Japan and an Indian company, Tosiba Appliances Co, over the use of the trade mark Toshiba/Tosiba at the earliest.
In 2004, under a major unshackling of exchange control regulations, dealing of cross border transactions, including share transfers of Indian companies, were delegated to banks designated as authorised dealers (AD).