DCM Limited and GCD Prime Dispute: High Court Intervenes, Orders Status Quo on Hisar Project Land
DCM Limited's joint development project with GCD Prime concerning land in Hisar, Haryana, has seen a significant development in the legal battle. The Division Bench of the Hon'ble High Court of Delhi issued an interim order directing that the effect and operation of a prior judgment be stayed and mandating the maintenance of status quo regarding the project land.The dispute centers on the Joint Development Agreement (JDA) dated August 11, 2022, concerning DCM Limited's property measuring 68.35 acres in Village Bir, Sector-23, Hisar, Haryana. The terms of this agreement stipulated a profit-sharing model between the parties.
In light of ongoing matters related to the project’s licensing and approval status, DCM Limited previously issued a Notice of Forfeiture and Termination to GCD Prime on November 1, 2025. This notice followed the company's efforts to support the Developer in obtaining the revocation of a license that had been suspended by the Directorate General, Town and Country Planning, Haryana.
The matter subsequently proceeded through the courts. A judgment dated July 28, 2026, was pronounced by the Single Judge of the High Court regarding a petition filed by GCD Prime under Section 9 of the Arbitration & Conciliation Act, 1996. This judgment has since been appealed by the Developer before the Division Bench of the Hon'ble High Court of Delhi.
Status of the Dispute and Project Details
The appeal was listed for hearing on August 12, 2026. The Division Bench, through an interim order passed during the hearing, issued a directive that stayed the effect and operation of the July 28, 2026 judgment by the Single Judge. Furthermore, the bench directed all parties to maintain status quo with respect to the project land.
The appeal filed by GCD Prime is currently pending for final adjudication by the Division Bench. As of the latest update, DCM Limited awaits a copy of the interim order issued on August 12, 2026.
Key details regarding the joint development project include:
| Aspect | Details |
|---|---|
| Land Size | 68.35 acres |
| Land Location | Village Bir, Sector-23, Hisar, Haryana |
| Ownership Status | DCM holds rights, title, and interest over the land |
| Profit Sharing Ratio | 55% to DCM Limited / 45% to GCD Prime |
This project remains a focal point of the ongoing litigation between the two parties.
DCM Stock Price Movement
On Thursday, shares of DCM Limited edged higher, gaining 0.71% to close at ₹82.76. The stock found trading activity in a session that saw a total traded volume of 1,518 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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