Legal7 Aug 2026, 05:20 pm
DCM Ltd Receives Developer's Appeal Against Delhi HC Order
AI Summary
DCM Ltd has received an appeal filed by GCD Prime (Developer) before the Hon'ble High Court of Delhi. This appeal seeks to set aside the court's order dated July 28, 2026, which had dismissed the Developer's petition under Section 9 of the Arbitration and Conciliation Act, 1996. The original petition by the Developer aimed to stay the operation of DCM Ltd's Termination Notice dated November 1, 2025, and prevent DCM from interfering with GCD Prime's legal rights. This filing is a continuation of previous intimations regarding the termination of a Joint Development Agreement (JDA) dated August 11, 2022, due to alleged inordinate delay and breaches by the Developer.
Key Highlights
- Developer GCD Prime filed an appeal against Delhi High Court's dismissal order.
- The appeal challenges the dismissal of the Developer's Section 9 arbitration petition.
- The Developer sought to stay DCM's termination notice and protect its rights.
- This relates to a Joint Development Agreement (JDA) termination initiated by DCM.
- The legal proceedings stem from alleged breaches of the JDA by the Developer.
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