Update on legal proceeding with Puja Entertainment (India) Limited on certain intellectual property rights
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Tips Music Ltd has provided an update on a Title Suit (No. 137 of 2026) filed by Puja Entertainment (India) Limited before the Katihar, Bihar court concerning certain intellectual property rights. The Katihar court had initially granted an ex parte status quo order against the company. However, the Hon'ble Supreme Court, on May 22, 2026, stayed this ex parte order till the final disposal of proceedings pending before the Hon'ble Patna High Court. The company states it has taken effective and necessary steps in accordance with law and is actively pursuing the matter with its legal advisors.
The Supreme Court's stay order is a positive development for Tips Music Ltd as it prevents the status quo order from restricting the company's operations while the dispute is resolved. This reduces near-term operational risk from the litigation, though the underlying IP dispute remains pending before the Patna High Court.