
Legal13 Aug 2026, 11:21 am
Imagicaaworld Entertainment Wins Arbitration Award
AI Summary
Imagicaaworld Entertainment Ltd has received a favorable arbitration award from the Sole Arbitrator, Ld. Vijay C. Daga. The award, dated August 12, 2026, was in the matter of Bharat Lekhraj Harwani vs. Rajendra Ramvilas Jakhotia & Ors., where Imagicaaworld was also a respondent. The arbitration concerned claims for specific performance on certain land parcels owned by the company. The award ruled that the claimant was not entitled to specific performance, thus imposing no liability on Imagicaaworld Entertainment Ltd. The company anticipates minimal future litigation defense costs unless the order is contested.
Key Highlights
- Imagicaaworld Entertainment receives favorable arbitration award.
- No liability imposed on the company by the award.
- Claim for specific performance on land parcels dismissed.
- Future litigation costs expected to be minimal.
Price Impact
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