JK Agri Genetics Rs 67.74 Lakh Arbitration Dispute

Parties Involved:

JK Agri Genetics Limited (Company)
Opposing Party: Located at 2/14, Sanjay Complex, Mata Mandir, Bhopal – 462003, Madhya Pradesh

Court Details:

Background of Dispute:

Company entered into comprehensive wholesale agreement with Respondent for supply of agricultural seeds, encompassing market promotion and brand marketing
In Kharif 2018 season, Respondent procured Paddy Variety JKRH-333 seeds on credit amounting to Rs. 9.51 crores
After deducting all discounts, incentives, and credit notes, net amount payable by Respondent: Rs. 4.62 crores
Respondent made part payments totaling Rs. 3.94 crores, with last payment made in first week of August 2023
Current outstanding balance: Rs. 67.74 lakhs
Company demanded payment of outstanding balance, Respondent refused to pay

Legal Proceedings:

Company issued legal demand notice dated 25th May 2026 for payment of outstanding Rs. 67.74 Lakhs and invoked arbitration clause
Respondent disputed claim via email and reply notice dated 3rd July 2026
Company filed application before Hon'ble High Court of Telangana at Hyderabad under Section 11(5) and 11(6) of Arbitration and Conciliation Act, 1996
Seeking appointment of Arbitrator to resolve dispute
Case listed before Hon'ble Court on 8th October 2026