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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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SBEC Sugar has disclosed that the Allahabad High Court has ordered the Collector of District Baghpat to execute a recovery certificate against the company over unpaid sugarcane dues from the 2024-25 crushing season. The order, dated July 21, 2025, was received by the company on July 23, 2025. The recovery must be carried out within two months of a certified copy of the order being placed before the Collector, and once realised, the petitioners' claims will be settled as per the norms of Sahkari Ganna Samiti, Baghpat. The company has stated that this order will not impact its financial operations because the dues were already provided for in its accounts. The matter originated from a writ petition filed against SBEC Sugar Mills alleging that sugarcane payments for the season were not fully made.
This is a negative event for shareholders, as a court-ordered recovery against the company signals an adverse ruling in a pending litigation. However, since the company claims the dues are already provisioned in its books, the immediate cash and earnings hit may be limited, though it reflects ongoing financial stress in its cane payments.