Delhi HC Division Bench dismisses appeal against order that had set aside arbitral award

Delhi High Court Division Bench order dated October 1, 2026, received by the company on October 7, 2026.

Wed 7 Oct 2026

Court Order Date

Delhi High Court Division Bench order dated October 1, 2026, received by the company on October 7, 2026

Appeal Outcome

Appeal shared by Mr. T K Jain dismissed

Prior Order Status

May 26, 2025 Single Judge order that had set aside the arbitral award continues to hold

What the company has told the exchanges

Bharat Forge has shared an update on litigation involving Mr. Tarsem Jain. The letter refers back to the company's earlier intimations dated August 14, 2023 and May 27, 2025 on the same matter.

What the Delhi High Court has done

The Hon'ble Division Bench of the Delhi High Court, by an order dated October 1, 2026, which the company received on October 7, 2026, has dismissed the appeal shared by Mr. T K Jain.

That appeal had challenged the order dated May 26, 2025 passed by the learned Single Judge of the Delhi High Court, by which the arbitral award in question had been set aside.

The sequence, in plain words

• On May 26, 2025, a Single Judge of the Delhi High Court set aside the arbitral award in question.
• Mr. T K Jain then shared an appeal against that order before a Division Bench of the same court.
• By its order dated October 1, 2026, the Division Bench has dismissed that appeal.
• So the position created by the May 26, 2025 order continues to hold.

For a first-time reader: an arbitral award is the decision given by an arbitrator or arbitral tribunal in a dispute. A Single Judge is one judge hearing a matter; a Division Bench is a bench of more than one judge that hears appeals against a Single Judge's order.

Earlier disclosures

The company states that the detailed disclosures it made under Regulation 30 read with Schedule III of the Listing Regulations, in its intimation dated May 27, 2025, shall stand amended to the extent mentioned above.

How a retail investor might read this

• This is an update on the legal position in a matter the company had already disclosed, rather than a fresh claim or a commercial announcement.
• The development concerns litigation involving Mr. Tarsem Jain; the update does not connect it to the company's manufacturing, orders or results.
• The reference points given by the company are its own earlier intimations dated August 14, 2023 and May 27, 2025, for anyone who wants the background of the dispute.
• The update records a court outcome and confirms that the company's earlier detailed disclosure stands amended to that extent.

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