The dispute involves Mr. Balaji Shivdas Pawar, Partner of Minakshi Agro Industries LLP (MAILLP), which is a subsidiary of Allied Blenders and Distillers Limited, and MAILLP itself.
Key Development
On July 17, 2026, MAILLP filed its Statement of Defence to the Statement of Claim filed by Mr. Balaji Pawar. Additionally, MAILLP filed a Counter Claim before the Sole Arbitrator seeking recovery of losses, costs and damages caused to MAILLP.
The Counter Claim specifically seeks an amount of ₹34,85,97,745 (Rupees Thirty Four Crore Eighty Five Lakh Ninety Seven Thousand Seven Hundred Forty Five Only).
The dispute arises from alleged various breaches, delay and non-performance by Mr. Balaji Shivdas Pawar in terms of a Deed of Retirement cum Admission dated December 10, 2024. This Deed was executed by and between Mr. Balaji Shivdas Pawar, MAILLP, Allied Blenders and Distillers Limited, and one other party.
Allied Blenders and Distillers Limited is named as one of the Proforma Respondents in the Counter Claim filed by MAILLP.
The Statement of Defence and Counter Claim was filed on July 17, 2026 at 4:16 p.m. (IST).
The filing confirms that sections regarding litigation against key management personnel/promoters and settlement of proceedings are not applicable to this matter.