Bajaj filed a case against TVS for patent violation two years back. Due to the case, TVS had to stop the manufacturing of the technology, which it intended to use in its bike model Flame. A development in this case came a year back when the Supreme Court allowed TVS to manufacture the bike but not sell it. This wasn’t good enough so TVS re-appealed.
Yesterday on the 16th Sep, Supreme Court over ruled Bajaj’s case and allowed TVS to sell the bike with Twin spark technology. But this is not a complete win for TVS since the Supreme Court has asked TVS to deposit the sales procedures to a court appointed receiver.
Meanwhile Bajaj’s statement say that this is not a victory for TVS since the appointment of the court appointed receiver would facilitate the courts to determine the amount of damage that would become payable to Bajaj, should the court decide the matter in favor of Bajaj after the Trials.
The Supreme Court has asked the Madras High court to finish the trial and voice its judgment by 30th November.
