Legal7 Jun 2026, 01:30 pm
ABDL Subsidiary Faces ₹25.5 Cr Arbitration Claim
AI Summary
Allied Blenders and Distillers Ltd (ABDL) announced that its subsidiary, Minakshi Agro Industries LLP (MAILLP), is involved in an arbitration dispute. Mr. Balaji Shivdas Pawar, a partner in MAILLP, has filed a claim of ₹25.53 crore plus 18% interest against MAILLP and ABDL. The claim is based on a Deed of Retirement cum Admission dated December 10, 2024. ABDL and MAILLP are contesting the claim, believing they have a strong defense and intend to file a counter-claim. The company is taking steps to protect its interests.
Key Highlights
- Subsidiary MAILLP faces ₹25.5 Cr arbitration claim from partner.
- Claim includes 18% interest; ABDL is also a respondent.
- Company believes claim is unsustainable and has a robust defense.
- ABDL and MAILLP plan to file a counter-claim.
- Company is taking steps to safeguard its interests.