1 min read Updated on 13 Aug 2026, 11:36 AM
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Imagicaaworld Entertainment Limited secured a favorable arbitration award dated August 12, 2026. The sole arbitrator, Ld. Vijay C. Daga, found no liability against the company and denied the claimant’s request for specific performance regarding land parcels. The company expects minimal future defense costs unless the order is contested.
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ImagicAaworld Entertainment received a favorable ruling in an arbitration proceeding, with the arbitration authority finding no liability against the company. The claimant was denied specific performance with respect to the land parcels in dispute.
Arbitration outcome
The arbitration ruling went in favor of ImagicAaworld Entertainment, clearing the company of any liability in the matter. The claimant had sought specific performance related to certain land parcels, a relief that was denied by the arbitral authority.
The award was issued by Sole Arbitrator Ld. Vijay C. Daga, Former Judge, Bombay High Court, on August 12, 2026. The case involved Bharat Lekhraj Harwani as the claimant and Rajendra Ramvilas Jakhotia & Ors. as respondents, with Imagicaaworld Entertainment Ltd as one of the respondents.
| Parameter: | Details |
|---|---|
| Ruling outcome: | Favorable for ImagicAaworld Entertainment |
| Liability finding: | No liability found against the company |
| Claimant’s relief sought: | Specific performance for land parcels |
| Relief granted to claimant: | Denied |
| Arbitrator: | Ld. Vijay C. Daga, Former Judge, Bombay High Court |
| Award date: | August 12, 2026 |
The company disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that the litigation defense costs in the future on this matter are likely to be minimal, unless the order is further contested.
Historical Stock Returns for Imagicaaworld Entertainment
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.64% | -2.68% | +2.40% | -0.45% | -19.48% | +461.40% |
What is the likelihood of the claimant appealing this arbitration award, and how would such an appeal impact the company’s legal costs and timeline?
How will this favorable ruling influence ImagicAaworld Entertainment’s ability to proceed with development or monetization plans for the disputed land parcels?
Could this precedent set by Sole Arbitrator Ld. Vijay C. Daga affect how similar land dispute cases involving entertainment or real estate entities are adjudicated in India?
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