You can't develop something "inspired by" your day job, while working the day job in parallel, and then claim it isn't related to the day job.
And even if it is allowed, can your employer claim ownership on the basis that your work is derived from employer/company work.
However, I think this is unprecedented (I can't think of any similar cases regarding reclamation of IP), and we'd have to be actual lawyers to know the answer. I'm curious to see where this case will go.