Company Disclosure: Legal Proceeding Update
Legal Proceedings Details
- Case Initiation: Puja Entertainment (India) Limited has initiated Title Suit No. 137 of 2026 against TIPS Music Limited
- Court: Court at Katihar, Bihar
- Subject Matter: Dispute concerning certain intellectual property rights
- Initial Court Order: Katihar Court granted an ex parte status quo order
Current Legal Status
- Supreme Court Intervention: Hon'ble Supreme Court issued order dated 22 May 2026
- Supreme Court Action: Stayed the ex parte status quo order passed by Katihar Court
- Stay Duration: Until final disposal of proceedings pending before Hon'ble Patna High Court
Company Response and Actions
- Company has taken effective and necessary steps in the matter in accordance with law
- Company is actively pursuing the matter in consultation with its legal advisors
- Company commits to keep Stock Exchanges informed of any further material developments
- Compliance with applicable laws and regulations is being maintained
Financial Impact
Financial impact not quantified in the disclosure.