DIC India Limited faces Section 34 petition challenging Interim Award; Delhi High Court issues notice.

DIC India Limited has provided an update regarding a petition filed under Section 34 of the Arbitration and Conciliation Act, 1996, by Agam Agochars Private Limited ("Agam") against the Company. This ...

DIC India Limited has provided an update regarding a petition filed under Section 34 of the Arbitration and Conciliation Act, 1996, by Agam Agochars Private Limited ("Agam") against the Company. This petition challenges an Interim Award dated August 20, 2025. Agam served an advance copy of the petition, bearing OMP (COMM) No. 539 of 2025, before the Delhi High Court on December 10, 2025, seeking to set aside the Interim Award. The matter was listed before the Delhi High Court on December 17, 2025. The Court has issued a notice to DIC India Limited and granted it time to file its reply. The next date of hearing for this matter is scheduled for December 22, 2025. The company had previously disclosed information regarding this litigation on December 11, 2025, and any expected financial implications or quantum of claims remain as explained in that prior disclosure.

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Why is DIC India Limited in the news today?

DIC India Limited (DICIND) is in the news due to the announcement details a legal proceeding where the company has received a notice and will file a reply. while litigation can be negative, the current stage is procedural, and no adverse outcome has been determined yet.

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DIC India Limited faces Section 34 petition challenging Interim Award; Delhi High Court issues notice.

December 18, 2025, 04:57 AM

AI Sentiment Analysis

DIC India Limited has provided an update regarding a petition filed under Section 34 of the Arbitration and Conciliation Act, 1996, by Agam Agochars Private Limited ("Agam") against the Company. This petition challenges an Interim Award dated August 20, 2025.

Agam served an advance copy of the petition, bearing OMP (COMM) No. 539 of 2025, before the Delhi High Court on December 10, 2025, seeking to set aside the Interim Award. The matter was listed before the Delhi High Court on December 17, 2025. The Court has issued a notice to DIC India Limited and granted it time to file its reply. The next date of hearing for this matter is scheduled for December 22, 2025.

The company had previously disclosed information regarding this litigation on December 11, 2025, and any expected financial implications or quantum of claims remain as explained in that prior disclosure.

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