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* IN THE HIGH COURT OF DELHI AT NEW DELHI

+ O.M.P.(I) (COMM.) 519/2025

IVY ENTERTAINMENT PRIVATE LIMITED .....Petitioner

Through: Mr. Darpan Wadhwa, Senior

Advocate with ⁠Mr. Dhiraj Mhetre,

Advocate Mr. Sanampreet Singh, ⁠Ms.

Shivani Sharma, ⁠Mr. Suraj Dhawan,

Advocates (through VC)

versus

PEOPLE MEDIA FACTORY PRIVATE LIMITED & ORS.

.....Respondents

Through: Mr. J Sai Deepak, Senior Advocate

with Mr. Sukrit R. Kapoor, Mr. Rahul

Mehta, Mr. Arpit Chaudhary, Mr.

Krunal Mehta, Mr. Jaskaran Singh

Narula, Mr. Abhay Pandey, Ms.

Karen Kiya, Mr. Siddhi Pramodh

Rayadu, Advocates for R-1

Mr. Vishwa Prasad T G, Director of

Respondent No.1 – in person

CORAM:

HON'BLE MR. JUSTICE SUBRAMONIUM PRASAD

O R D E R

% 23.12.2025

1. The instant petition under Section 9 of the Arbitration and

Conciliation Act, 1996 has been filed by the Petitioner seeking the following

reliefs:-

“(a) Pass an order of injunction restraining

Respondent Nos. 2 to 5 from releasing any Materials

pertaining to the Film qua its theatrical release,

without receiving prior written consent from the

Petitioner to the extent of payment of all dues payable

This is a digitally signed order.

The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.

The Order is downloaded from the DHC Server on 19/01/2026 at 21:34:23

as per the Consent Order,

(b) pass ad-interim reliefs in terms of prayer clauses

(a) above.

(c) pass an order as to the costs of the present Petition,

and

(d) pass such further and other relief as this Hon'ble

Court may deem fit and proper in the facts and

circumstances of the case.”

2. The facts of the case, as discernible from the Consent Order dated

26.09.2025 passed in suit bearing CS (COMM) No. 746/2025 and CS

(COMM) No. 782/2025, reveal that an Agreement is subsisting between the

Petitioner and the Respondent No. 1. The relevant paragraphs of the said

Consent Order, wherein the facts of the case are succinctly laid down, reads

as under:-

“3. On 09.12.2022, PMF and IVY entered into a

binding Term Sheet ("Term Sheet") recording the

commercial terms for monetization of the Film. With

respect to the rights in the Film, PMF and IVY entered

into Film Rights Assignment Agreement dated

25.01.2023 ("FRAA") Amendment to FRAA dated

17.02.2023 ("FRAA Amendment") and Theatrical

Rights Acquisition Agreement dated 10.03.2023

("TRAA"), determining the rights and obligations of

PMF and IVY with respect to the Film.

4. As IVY had apprehensions regarding the stage of

production and recurring delays in the theatrical

release of the Film, PMF sought to revise the theatrical

release date of the Film to September 2025, however,

the proposed agreement to revise the delayed

theatrical release of the Film was never finalised by

the Parties.

This is a digitally signed order.

The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.

The Order is downloaded from the DHC Server on 19/01/2026 at 21:34:23

5. PMF sent a letter dated 25.06.2025 to IVY stating

that IVY failed to exploit the non-theatrical rights of

the Film. Thereafter, IVY sought to terminate the FRAA

and the TRAA vide Termination Notice dated

25.06.2025 ("Termination Notice").

6. By way of the Termination Notice, the IVY sought

for a refund of the entire amount disbursed by it under

the TRAA and FRAA together with interest at the rate

of 18% and contended that consequent to the

termination, all theatrical / non-theatrical rights

assigned to PMF stood automatically reverted to IVY,

and until the said refund was/ is paid by PMF, all

rights, title and interest created in its favour under the

TRAA in respect of the Film stood automatically

transferred and vested in the IVY. In addition, PMF

was also under an obligation to unconditionally hand

over to IVY all materials, tools, contracts, documents,

licenses / permits and the like, equipment, assets etc.

relating to the Film, without any delay or demur of any

nature whatsoever.

7. PMF aggrieved by the Termination