Sony alleges in its petition that Sun TV had responded to one of its letters stating “it was the absolute copyright holder of films under the South Indian Cinematograph Films.”
The Finance Plus software package is being marketed as an integrated software that will allow businesses to examine not just accounting, but its operations too.
Freed on bail, Vasupal said the crux of the searing dispute with advertisement agency Jigsaw Solutions was suspension of trust and an outbreak of hostilities, rather than the financial inability of his startup to clear dues.
While Vasupal is out on bail, the case will continue. "The investigations are ongoing," said an investigating officer with the Central Crime Branch, Chennai.
Vasupal, who was arrested on March 14, was granted bail on April 11 by Justice S Bhaskaran, who directed him to furnish a personal bond of Rs 40 lakh.
The two-decade-old Trivitron had started as a trading company in medical devices and moved onward to manufacture key hospital equipment.
Judge S Baskaran, while granting bail, termed the case as "purely a dispute between two businessmen."
OYO is aggressively expanding its hotel network in Chennai, which contributes to 7% of the company's 70,000-strong room inventory.
A top official with the state I-T Investigation wing confirmed: "The raids began early this morning. About a hundred officials have been pressed into service."
Two bail applications of Vasupal, who has been in Chennai's Puzhal prison since March 14, had been rejected in the past.
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