Bajaj, TVS Motor Decide To Amicably Settle Decade-Old Patent Dispute
Two of India's largest exporters of two-wheelers - Bajaj Auto Limited and TVS Motor Company - have decided to amicably settle a decade-old acrimonious dispute related to a patent infringement case. In two separate regulatory filings, the two companies revealed that they have entered into a settlement on October 31, 2019 which would see both companies withdrawing all related pending cases. The settlement includes a defamation suit against Bajaj Auto filed by TVS Motor Company and other related proceedings filed against each other, which were pending before the Madras High Court, Bombay High Court, the Intellectual Property Appellate Board, Chennai and courts in Sri Lanka and Mexico. According to the settlement, neither company has to pay any compensation or penalty to the other as part of the agreement. "Both, TVS Motor and Bajaj Auto have mutually agreed to withdraw the Pending Proceedings and release each other from all liabilities, claims, demands and actions in respect of