Intellectual Property India Publishes Patent Application for “a System For Normalization And Settlement Of Shared Financial Obligations Among A Plurality Of Users”

MUMBAI, India, Nov. 2 -- Intellectual Property India has published a patent application (202641125263 A) filed by Vellore Institute Of Technology on October 21, 2026, for “a System For Normalization And Settlement Of Shared Financial Obligations Among A Plurality Of Users”.

Inventors include Dr. Arti Tiwari; Adimulam Vijay Pavan; and Vasantha Sasi Deepika.

The application for the patent was published on October 30, 2026, under issue no. 44/2026.

Abstract: The present invention relates to a system and method for normalization and settlement of shared financial obligations among a plurality of users through a persistent pair-level ledger framework. The system records expense transactions, determines individual contribution amounts, and gen...