Xiaomi to keep Rs 1000 crores in bank, Vivo to not create encumbrance in manufacturing plant after Philips moves Delhi HC for patent infringement

Pursuant to patent infringement suits by Philips before Delhi High Court, Xiaomi has undertaken to maintain Rs. 1,000 crores in its bank accounts operated in India. (Koninklijke Philips NV vs Xiaomi & Ors)

Vivo, on the other hand, has been directed to not create any encumbrance or third-party rights in the manufacturing plant in Greater Noida. (Koninklijke Philips NV vs Vivo Mobile Communications & Ors)