Legal18 Jul 2026, 01:30 pm
Allied Blenders Subsidiary Files ₹34.8 Cr Counter Claim in Dispute
AI Summary
Allied Blenders and Distillers Ltd has provided an update on a litigation involving its subsidiary, Minakshi Agro Industries LLP (MAILLP). MAILLP has filed a Statement of Defence and a Counter Claim before a Sole Arbitrator concerning a dispute with Mr. Balaji Shivdas Pawar, a partner of MAILLP. In its Counter Claim, MAILLP is seeking ₹34,85,97,745/- (approximately ₹34.86 Crores) for losses, costs, and damages incurred due to alleged breaches and non-performance by Mr. Pawar. Allied Blenders and Distillers Limited is listed as a Proforma Respondent in this Counter Claim. The company is also a party to the Deed of Retirement cum Admission dated December 10, 2024, which is central to the dispute.
Key Highlights
- Subsidiary MAILLP filed defence and counter claim on July 17, 2026.
- MAILLP claims ₹34.86 Crores in its counter claim.
- Dispute involves a partner of the subsidiary and a dated agreement.
- Company is a proforma respondent in the counter claim.
- Update pertains to ongoing litigation as per SEBI regulations.
Price Impact
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