High Court of Gujarat issues Interim Order, Staying Arbitration Proceedings in Shashijit Infraprojects Dispute
Shashijit Infraprojects Ltd has received an Interim Common Oral Order from the Hon'ble High Court of Gujarat regarding a dispute involving leased property acquired from Vapi Municipal Corporation. The order, dated June 2, 2026, stays the arbitration proceedings that the company had initiated against the opposing party.The matter concerns the disputed leased property secured from Vapi Municipal Corporation (erstwhile Vapi Nagar Palika). To protect and enforce its contractual rights, Shashijit Infraprojects subsequently moved to initiate arbitration proceedings. However, the opposing party, Vapi Municipal Corporation, approached the High Court of Gujarat and obtained the interim order.
As a result of the court intervention, the arbitration initiated by Shashijit Infraprojects is now pending adjudication before the Hon'ble High Court of Gujarat. The current proceedings are set for the next date of hearing on June 18, 2026.
The dispute remains unresolved at this time, and no final determination on the merits of the case has been made by the court. The company confirmed that there is currently no settlement in place regarding the matter.
Key details pertaining to the ongoing legal proceedings are summarized below:
| Aspect | Details |
|---|---|
| Dispute Subject | Leased property acquired from Vapi Municipal Corporation (erstwhile Vapi Nagar Palika) |
| Action Taken by Company | Initiated arbitration proceedings for protection and enforcement of contractual rights. |
| Current Status | High Court of Gujarat issued an Interim Common Oral Order, staying the arbitration. |
| Next Hearing Date | June 18, 2026 |
| Status of Merits | Matter is pending adjudication; no final determination has been made. |
Stock Price Movement
Shashijit Infraprojects Ltd shares settled at ₹2.53 on Thursday, sinking 1.94% in post-market trading. The stock navigated a swing during the day, ranging from an intraday low of ₹2.46 to a high of ₹2.59.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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