Delhi High Court refuses to halt Allchem IPO; refers trademark case filed by Alkem labs for mediation

The Delhi High Court refused to halt the IPO of Allchem, referring a trademark case filed by Alkem Labs for mediation. Alkem Labs had sought to prevent Allchem's IPO, likely based on concerns over trademark infringement or potential confusion between the two companies' names or products. However, the High Court declined to grant an interim stay on the IPO and instead directed the parties to explore a resolution through mediation, suggesting a preference for amicable settlement of the trademark dispute without disrupting the public offering.