M/S. Divya Exports vs M/S. Shalimar Video Company & Ors

The Supreme Court upheld the Andhra Pradesh High Court's decision granting exclusive worldwide video rights of 15 Telugu films to M/s. Jyothi Video based on the agreement dated 27.8.2001 with M. Srinivasa Rao. The Court emphasized that the earlier agreements did not negate the exclusive rights granted to Jyothi Video, thereby affirming the principle that contractual obligations must be honored unless explicitly revoked. The appeal was dismissed, confirming the lower court's decree for restraining the appellants from exploiting the video rights of the films.