Arbitration plea shared in Telangana High Court over Rs. 67.74 lakh unpaid seed dues
JK Agri Genetics has shared an application in the Telangana High Court seeking appointment of an Arbitrator in its dispute with Agro Deal, a Bhopal-based seed buyer.
- Outstanding claim
- Rs. 67.74 lakhs
- Net amount payable after discounts/incentives/credit notes
- Rs. 4.62 crores
- Part payments received
- Rs. 3.94 crores
What the company has disclosed
JK Agri Genetics Ltd has informed the exchanges about a pending litigation and dispute, along with the details of the case.
- Opposing party: Agro Deal, represented by its Proprietor Mr. Ram Kumar Rathi, of Bhopal, Madhya Pradesh
- Forum: Hon'ble High Court of Telangana at Hyderabad
- Application shared under Section 11(5) and 11(6) of the Arbitration and Conciliation Act, 1996, seeking the appointment of an Arbitrator to resolve the dispute
- The case was listed before the Hon'ble Court on 8th October 2026
How the dispute arose
The company had entered into a comprehensive wholesale agreement with the Respondent for supply of agricultural seeds, covering market promotion and brand marketing. In the Kharif 2018 season, the Respondent procured Paddy Variety JKRH-333 seeds on credit amounting to Rs. 9.51 crores.
After deducting all discounts, incentives and credit notes, the net amount payable by the Respondent came to Rs. 4.62 crores. The Respondent made part payments totalling Rs. 3.94 crores, the last of which was made in the first week of August 2023. A balance of Rs. 67.74 lakhs remains outstanding.
What followed
The company demanded payment of the outstanding balance of Rs. 67.74 Lakhs, which the Respondent refused to pay. After multiple correspondences, the company issued a legal demand notice dated 25th May 2026 for payment of the outstanding balance and for invoking the arbitration clause. The Respondent disputed the claim through an email and a reply notice dated 3rd July 2026.
What the update states about the money involved
- Expected financial implications, if any, due to compensation, penalty etc.: Rs. 67.74 Lakhs
- Quantum of claims, if any: Rs. 67.74 Lakh
What this means in simple terms
The amount involved is the balance the company says it is owed on a seed supply made in the Kharif 2018 season. The matter is at the stage of appointment of an Arbitrator, and the claim is being contested by the Respondent.
More numbers
- Paddy Variety JKRH-333 seeds procured on credit (Kharif 2018)Rs. 9.51 crores
- Net amount payable after discounts, incentives and credit notesRs. 4.62 crores
- Part payments received from the RespondentRs. 3.94 crores
- Balance outstanding claimed from the RespondentRs. 67.74 lakhs
- Expected financial implications due to compensation, penalty etc.Rs. 67.74 Lakhs
- Quantum of claimsRs. 67.74 Lakh
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