Arbitration award in company's favour, no liability imposed
IMAGICAA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Imagicaaworld Entertainment received a favourable arbitration award on 12 August 2026 from Sole Arbitrator Vijay C. Daga, former Judge of the Bombay High Court. The company was one of the respondents in a case where claimant Bharat Lekhraj Harwani sought specific performance on certain company-owned land parcels. The arbitrator ruled against the claimant, finding he was not entitled to specific performance. No monetary liability has been imposed on the company, and future legal defence costs on this matter are expected to be minimal unless the order is further contested.
Positive for shareholders as the ruling removes the liability risk on the land dispute and keeps future legal costs minimal.