Litigation Updates
RADIOCITY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Music Broadcast Limited has filed an appeal before the Division Bench of the Madras High Court against an earlier order from a single judge dated August 26, 2025. The Division Bench has granted a stay on the operation of that single judge's order, providing interim relief to the company. The appeal will be heard jointly with a related appeal arising in the matter of Phonographic Performance Limited (PPL), and the interim stay will continue until the next date of hearing. The company has also confirmed there is no new change in the status of any litigation involving its key management personnel or promoters beyond this update. Further developments in this matter will be disclosed as they occur.
Positive for shareholders — obtaining a stay on the adverse single judge order provides the company breathing room and prevents immediate enforcement. The matter is now tagged with the PPL appeal, meaning a common ruling could set the precedent for both cases. Investors should watch the next hearing date for material outcomes.