Globe Civil Projects Limited (GCPL) has secured a significant legal victory as the District Court dismissed a ₹23.81 lakh recovery suit filed against the company. The case, which involved legal heirs of P.D. Verma, was concluded in favor of GCPL, affirming that the company had fulfilled its payment obligations for completed work.

Key Points of the Judgment

• The Hon'ble Court of Sh. Munish Bansal, District Judge-03, South District, Saket Courts Complex, New Delhi, pronounced the judgment on November 15, 2025.
• The suit (CS DJ No. 8701/2016) filed by P.D. Verma's legal heirs was dismissed, with the court finding it to be without cause of action.
• The judgment confirms that Globe Civil Projects had made full and final payment for the work executed and is not liable for any further dues.

Background of the Case

The legal dispute stemmed from a contract for plumbing works at the Indian Institute of Management, Lucknow (Noida Campus). The plaintiffs, representing P.D. Verma, had claimed outstanding dues of ₹20.61 lakh plus interest, totaling ₹23.81 lakh.

Court's Observations

The court made several key observations that led to the dismissal of the suit:

1. Lack of evidence: The plaintiffs failed to provide substantial evidence to prove the completion of work worth ₹20.61 lakh.
2. Delayed billing: The final bill was raised almost two years after the alleged completion of work, raising suspicions about the claim's validity.
3. Absence of completion certificate: No completion certificate or acknowledgment was issued by GCPL, which would have been crucial in supporting the plaintiff's claim.
4. Questionable third-party certificate: A certificate from IIM Lucknow/Noida was found to have limited credibility in establishing GCPL's liability.

Implications for Globe Civil Projects

This favorable judgment conclusively resolves the litigation in Globe Civil Projects' favor, removing a potential financial liability of ₹23.81 lakh. The outcome reinforces the company's position regarding its payment practices and contract management.

Company's Statement

In a regulatory filing, Vineet Rattan, Company Secretary and Compliance Officer of Globe Civil Projects Limited, stated, "This favorable judgment conclusively resolves the litigation and affirms the Company's position."

The resolution of this legal matter may positively impact investor confidence in Globe Civil Projects' operational and financial management practices.

Globe Civil Projects , a leading integrated EPC company, has reported robust financial results for the second quarter, showcasing significant growth and operational efficiency.

Financial Highlights

• Total income for Q2 stood at ₹947.81 million, marking a 40% quarter-on-quarter growth.
• Consolidated order book exceeded ₹1,000 crores, providing multi-year revenue visibility.

Operational Achievements

Globe Civil Projects has made significant strides in its business operations:

• Secured new EPC orders worth approximately ₹450 crore during the period, including projects from:
  • NBCC
  • Sports infrastructure
  • Educational institutions
• The company is targeting 20-25% annual growth guidance.

Management Commentary

The company's management expressed satisfaction with the quarter's performance, highlighting the strength of their EPC model and ability to execute complex, multi-year government projects across diverse geographies. They emphasized their focus on:

• Scaling up execution capabilities
• Enhancing pre-qualification strengths
• Leveraging in-house engineering teams to deliver technically demanding projects

Globe Civil Projects Limited's strong performance, coupled with its growing order book and strategic project acquisitions, positions the company well for continued growth. The company's commitment to operational excellence in the EPC sector continues to drive its success.