ImagesBazaar Files Copyright Infringement Suit Against BIFM

DELHI, India, November 10, 2010 - ImagesBazaar, the world's largest collection of Indian stock photography
has filed a copyright infringement suit against BLB Institute of Financial
Marketing (BIFM). The suit for Copyright Infringement was filed at the
District Court, Delhi and is pending disposal. ImagesBazaar claims that BIFM
infringed on their copyrighted photographs and used them illegally, without
permission and without getting the due license and not paying the requisite
license fee for the same. It is alleged by ImagesBazaar that BIFM used
several of ImagesBazaar's images without permission, license and without
paying any license fee for the same. ImagesBazaar also maintain that BIFM
used the said images in various newspaper advertisements and also on their
website and that, despite being served with legal notice and a civil suit
being filed against them, BIFM is in continued usage of ImagesBazaar's
images. ImagesBazaar has initiated stern legal proceedings against such
actions and filed a civil suit and a criminal complaint against all the
concerned parties under Sections 63, 64, 65 66 and 69 of the Indian Copyright
Act, 1957 and also under Section 417, 420, 468 and 471 of the IPC.

ImagesBazaar is committed to fight against infringement and is very
active towards protecting their IP assets so that the owner/artist get their
due reward for the hard work put in their artistic and creative work.
ImagesBazaar has got valid licenses for all the photographic images appearing
on their website, www.imagesbazaar.com hence has all the rights
required to further license, sell, use, reproduce and commercially exploit
the photographic images featured on the aforesaid website. It is pertinent to
mention herein that none of the photographic images appearing on the
aforesaid website can be used without the prior permission, authority or
license granted by ImagesBazaar. Accordingly, any reproduction, adaptation,
communication to the public, issue of copies and/or any other unlicensed use
of the images without paying ImagesBazaar the prescribed license fee in
respect of the said images, amounts to infringement of Copyright in the
image. As per the Indian law, Copyright infringement is not just a civil but
also a criminal offence and the infringer, if proven guilty will get an
imprisonment of a minimum of six months to one year. ImagesBazaar quoted that
"All these legal measures taken up by us as well as our company's robust
enforcement program demonstrate the company's continued commitment to fight
against copyright infringement and strengthening intellectual property laws.
These measures are to educate the public about the value of IP and
consequences of infringement and also to deter the infringers from doing
illegal activities."

    Media Contacts:

    Name: Deepak Verma
    Address: 101-107, Vardhman Plaza, Plot No.10, KP Block, Pitam Pura,
    Delhi-110034 Website: www.imagesbazaar.com
    Email: deepak@imagesbazaar.com
    Phone: +91-11-42686869

Media Contacts: Name: Deepak Verma, Address: 101-107, Vardhman Plaza, Plot No.10, KP Block, Pitam Pura, Delhi-110034 Website: www.imagesbazaar.com, Email: deepak at imagesbazaar.com, Phone: +91-11-42686869