Legal25 May 2026, 12:59 pm
Tips Music: Supreme Court Stays Ex Parte Order in Puja Entertainment IP Suit
AI Summary
Tips Music Ltd is involved in a legal proceeding with Puja Entertainment (India) Limited regarding intellectual property rights. Puja Entertainment initiated a Title Suit (No. 137 of 2026) against Tips Music in Katihar, Bihar, leading to an ex parte status quo order. The Supreme Court, in an order dated 22 May 2026, has stayed this ex parte order until the Patna High Court proceedings are resolved. Tips Music is actively addressing the matter with its legal advisors and will keep the stock exchanges informed of further developments.
Key Highlights
- Puja Entertainment filed a Title Suit against Tips Music regarding IP rights.
- Katihar Court initially granted an ex parte status quo order.
- Supreme Court stayed the Katihar Court's order on May 22, 2026.
- The stay is effective until the Patna High Court proceedings conclude.
- Tips Music is consulting legal advisors and will update stock exchanges.
Price Impact
More from TIPSINDLTD