Tips Music Limited has informed the Exchange regarding Update on legal proceeding with Puja Entertainment (India) Limited on certain intellectual property rights
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Puja Entertainment (India) Limited has filed a Title Suit (No. 137 of 2026) against Tips Music Limited before the Katihar Court in Bihar, relating to certain intellectual property rights. The Katihar Court initially granted an ex parte status quo order against the company. However, the Hon'ble Supreme Court, vide its order dated 22 May 2026, has stayed that ex parte order until the final disposal of proceedings pending before the Hon'ble Patna High Court. The company states it has taken necessary legal steps and is actively pursuing the matter with its legal advisors.
The Supreme Court stay is a positive development for Tips Music as it lifts the restrictive status quo order, allowing the company to continue operating normally while the IP dispute is resolved through higher courts.