Both parties sell Sarees.

Hakoba.com and two related domain names were the subject of a UDRP.
A single-member World Intellectual Property Organization panel has found a Mumbai company guilty of reverse domain name hijacking over the domains Hakoba.com, hakobasaree.com, and hakobasarees.com.
Hakoba Lifestyle Limited filed the case against Mukesh Shah of New York.
The Complainant owns hakoba.in and sells sarees (saris). The Respondent is also in the business of selling sarees, and registered Hakoba.com way back in 1998.
The panel found that the domain name was not registered and used in bad faith, which should have been pretty clear from the outset. If anything, this case is about trademarks, not cybersquatting.
Panelist Adam Taylor found this to be a case of reverse domain name hijacking. His rationale was fairly generic, but it seems quite clear that the respondent had a legitimate interest in the domain name and it wasn’t registered in bad faith.
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