DCM Limited: GCD Prime files appeal against Delhi High Court order dismissing Section 9 petition
DCM Limited's developer, GCD Prime, has filed an appeal against the Delhi High Court's July 28, 2026 order that dismissed their Section 9 petition. The petition challenged DCM's November 1, 2025 termination notice under their Joint Development Agreement. The High Court's dismissal was confirmed by DCM on July 29, 2026, and the appeal was filed on August 7, 2026.
Litigation can have a significant impact on a company's operations, financial standing, and reputation. The ongoing legal dispute related to a joint development agreement and land parcel requires monitoring.
The company is providing an update on ongoing litigation where an appeal has been filed. This is a factual disclosure of a legal proceeding, and the outcome is uncertain, hence the sentiment is neutral.
DCM Limited has announced that GCD Prime (Developer) has filed an appeal before the Hon'ble High Court of Delhi. This appeal challenges the order dated July 28, 2026, passed by the Hon'ble Delhi High Court, which had dismissed GCD Prime's petition filed under section 9 of the Arbitration and Conciliation Act, 1996. The original petition by the developer was related to the termination notice issued by DCM Limited on November 1, 2025, in accordance with their Joint Development Agreement (JDA) dated August 11, 2022. The Delhi High Court's order on July 28, 2026, had dismissed the developer's plea seeking to stay the termination notice and to restrain DCM Limited from interfering with GCD Prime's legal rights over the land.
This development follows DCM Limited's intimation on July 29, 2026, regarding the dismissal of the developer's Section 9 petition. The company received the appeal copy via email on August 7, 2026. The JDA, signed on August 11, 2022, was for the development of DCM's land parcel in Hisar, Haryana. DCM had issued the termination notice due to the developer's inordinate delay and breaches of obligations, particularly in getting the suspension of the license for the project revoked. The developer had invested approximately ₹72 crore in the project. The arbitration proceedings are ongoing, with a sole arbitrator appointed.
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DCM Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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