JK Agri Genetics seeks arbitration to recover Rs 68 lakh from dealer
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JK Agri Genetics filed an application before the High Court of Telangana at Hyderabad seeking appointment of an arbitrator to recover Rs 67.74 lakhs in unpaid dues from Bhopal dealer Agro Deal. The dispute relates to paddy seeds (variety JKRH-333) supplied on credit during Kharif 2018. Dealer paid Rs 3.94 crores out of Rs 4.62 crores payable. Company issued demand notice in May 2026 and filed arbitration petition on 8 October 2026.
Company is the claimant pursuing recovery of about Rs 68 lakh. Amount is minor relative to business, limited impact for shareholders.