DCM Limited: Developer appeals Delhi HC order on JDA termination plea

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Price reactionminutes from the announcement price · days from the prior close

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₹82.00

prior close

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+0.1% vs market

IT Enabled Services peers, median of 72sector-0.1%+0.1% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.1 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 72Pending

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AI summary

DCM Limited informs that developer GCD Prime has appealed the Delhi High Court order of July 28, 2026 which dismissed its Section 9 plea seeking to stay DCM's termination notice. DCM had terminated the August 2022 Joint Development Agreement over GCD Prime's failure to revoke the suspension of a real estate license on a 68.35 acre land parcel in Hisar, Haryana. Sole Arbitrator Justice (Retd) Badar Durrez Ahmed has been appointed to adjudicate the underlying dispute.

Likely market impact

Positive for DCM as termination notice stands, but developer is now challenging. Arbitration on the underlying dispute continues.