With the inception, advent and rapid globalization
of the Internet a revolutionary change is witnessed in the field of communications.
Internet has become a cornerstone in every establishment be it commercial organizations,
government bodies or institutions. It is being significantly used for banking, research,
education and entertainment.
The domain name system enables the trademark holders to enforce their rights over
domain names that are similar or identical to their existing trademarks, particularly
by seeking control over the domain names at issue.
The profound use of internet in e-commerce and e-communication has also raised concerns
in the realm of intellectual property. The rampant growth of websites has given
rise to the domain name disputes. The issues of cybersquatting and domain name hijacking
has become the bone of contention among companies who have invested significant
amount of money and time in their mark only to realize that their names and trademarks
have been taken up by e-pirates.