Car company Group Lotus and F1's Team Lotus are at loggerheads over the name.
Team Lotus chief executive officer Riad Asmat dismisses Group Lotus's reasons for terminating the contract as "trivial".
Virgin Racing are optimistic they will be able to race against rivals Team Lotus in Singapore this weekend.
BBC: A photograph of the main grandstand at the Indian GP circuit
Last year, Mr Fernandes' team raced as Team Lotus - a name that was not owned by Group Lotus.
Bahar decided to back Renault and ended the licensing agreement with Team Lotus, claiming that Fernandes breached its terms.
Elsewhere, Team Lotus officially changed their name to Caterham F1 on Wednesday, with team principal Tony Fernandes eyeing improvements in the 2012 Formula One season.
The new Malaysian-backed team brought the Lotus name back into F1 for the first time since 1994, when Team Lotus collapsed because of financial reasons.
Hunt - brother of former F1 world champion James Hunt - acquired the Team Lotus name following the collapse of the team in 1994 with financial problems.
And there is a separate case about the rights to use the historic Team Lotus name, which Fernandes bought from its previous owner David Hunt last year.
He has since - as exclusively revealed by BBC Sport in September - bought the rights to the historic name of the outfit in F1 - Team Lotus.
Monday's hearing surrounded Group Lotus's decision to terminate a five-year licensing deal it had with Team Lotus boss Tony Fernandes's 1Malaysia group to use the Lotus brand in F1.
Renault is now officially in F1 only as an engine supplier - to Red Bull, Renault and Team Lotus - and now, through Infiniti, as a sponsor of Red Bull.
Fernandes bought the rights to the Team Lotus name in an attempt to protect his investment in F1 when he realised he had fallen out of favour at Group Lotus.
The new team is called Lotus Racing but BBC Sport understands they are close to finalising a deal with the owners of the Team Lotus brand to reinstate the historic name.
The new Lotus team is already being treated by F1 authorities as a continuation of the former one, which was set up by the legendary Colin Chapman, earning prize and appearance money on the basis of Team Lotus's historic results.
Based in Enstone, England, the highly skilled Lotus team designs, builds, maintains, tests, and races the Lotus Formula One Team car, which can travel from zero to 60 miles per hour in 1.6 seconds.
Renault no longer has its own Formula 1 team, though its Renault Sport F1 division supplies engines to Caterham as well as to the Lotus F1 team, which is run by Group Lotus.
Lotus Racing team principal Tony Fernandes agreed a deal to use the Lotus name in F1 this year with the owner of Lotus Cars, the Proton car company.
The Lotus team, 550 in number, contributes myriad skills toward a single goal: winning the Formula One world championship.
Lotus team principal Tony Fernandes and technical director Mike Gascoyne had a meeting with Renault on Sunday morning at the British Grand Prix.
And Lotus team principal Tony Fernandes said on his Twitter page that personnel from the Ferrari, Renault, Mercedes, Sauber and Toro Rosso teams were flying on his Air Asia airline to Malaysia before heading back to the UK on a special charter when the airports open.
He had ruled out a move to the new Lotus F1 team for sentimental reasons alone.
Recovery was painstaking, but he confirmed in November 2011 that he would not be able to take his place in the Lotus Renault team for the 2012 season.
It is expected that Fernandes will be forced to abandon the Lotus name, and that Proton will buy into the Renault team, which may be renamed Lotus-Renault.
Yet as central as technology has become, it is brilliant, creative, and talented people that make the Lotus Formula One team successful.
But it is widely believed in F1 that the team will not be called Lotus in 2011 after a naming rights dispute.
Lotus Racing's media release announcing the Renault deal did not mention the word Lotus, other than in the official team branding.
The row dates back to 2009, when Fernandes was granted by Group Lotus the rights to use the Lotus name in F1 for a new team he was setting up to race in the 2010 season.
The pairing of Button and Hamilton at McLaren makes them the first team to have two British world champions since Graham Hill and Jim Clark were together at Lotus in 1968.
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