Quick Summary: Dharampal Satyapal Limited and Niche Builders are in a legal fight over a property deal that didn't work out. The case, heard in the Delhi High Court, is about a failed property sale in Mumbai and has been sent to arbitration.
In December 2019, Dharampal Satyapal Limited (DSL) made a deal to sell a commercial property in Mumbai to Niche Builders. The property, located at Gundecha Heights, was supposed to be sold for Rs. 8 crore. However, things didn't go as planned.
DSL paid Rs. 4 crore upfront and another Rs. 1 crore in September 2020. According to the deal, the remaining Rs. 4 crore was due 12 months after Niche Builders handed over the property. But Niche Builders didn't deliver the property, causing the dispute.
"Niche Builders failed to deliver the empty physical possession of the Demised Property to Dharampal Satyapal Limited."
DSL found out that Niche Builders might be selling the property to someone else. This broke the agreement, which didn't allow any deals with others until the sale was finished.
DSL filed two requests: one asking for arbitration and another asking the court to stop any sale of the property. On September 17, 2025, the court ordered that nothing should change with the property, which is still in place.
On September 22, 2025, DSL asked for arbitration, saying there were unresolved arguments. However, Niche Builders said the request was too late and that the deal couldn't be enforced.
"Dharampal Satyapal Limited asked for arbitration...according to Section 21 of the Act."
On January 28, 2026, Justice Harish Vaidyanathan Shankar decided that the case should go to arbitration. Retired Justice Shalinder Kaur was chosen as the arbitrator. The court also said that nothing should change with the property until the arbitrator makes a decision.
The arbitrator will now look into the details, including whether the deal is valid and if DSL's claims are legitimate. Both parties will share the arbitration costs equally.
"The current matter should be sent to Arbitration."
The arbitrator will decide what happens next with the Mumbai property.
