JK Agri Genetics Faces ₹67.74 Lakhs Litigation

JK Agri Genetics Ltd has disclosed a litigation filed by Agro Deal, represented by its Proprietor Mr. Ram Kumar Rathi, before the Hon'ble High Court of Telangana at Hyderabad. The dispute arises from the non-payment of ₹67.74 Lakhs (₹67.74 Lakhs) for paddy seeds supplied during the Kharif 2018 season. The company has initiated arbitration proceedings by filing an application under the Arbitration and Conciliation Act, 1996, seeking the appointment of an arbitrator to resolve the outstanding amount. The expected financial implication is the full outstanding amount of ₹67.74 Lakhs.