DIC India Limited Initiates Legal Action Against Star Plastics
DIC India Limited announced today, March 24, 2026, that it has filed a commercial suit against Star Plastics before the District Courts in New Delhi. The action follows a previous dispute and settlement agreement reached in May 2025.Previously, DIC India Limited and Star Plastics were involved in mediation proceedings before the Delhi High Court Mediation and Conciliation Centre, with arbitration proceedings before the Indian Council of Arbitration being kept in abeyance. Following a settlement, Star Plastics agreed to pay INR 56,94,833 to DIC India Limited, after accounting for prior ad hoc payments of INR 10,00,000.
While INR 2,50,000 has been received, Star Plastics has not fulfilled the remaining balance of the agreed-upon sum. DIC India Limited is now seeking recovery of INR 60,62,333, including penalty and interest, due to Star Plastics’ breach of its obligations. The financial implications related to this recovery are as explained above.
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