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JK Agri Genetic
BSE: 536493NSE: ISIN: INE690O01011

18th-Feb-2017 17:44Source: BSE

JK Agri Genetic - Petition seeking appointment of Sole Arbitrator

JK Agri Genetics Ltd has informed BSE that the Company has filed a petition under Section 11 of the Arbitration and Conciliation Act, 1996 before the Honble High Court of Rajasthan, Jaipur on February 18, 2017 seeking appointment of Sole Arbitrator for adjudicating disputes between the Company and Rajasthan State Seeds Corporation Limited ("RSSC"). The dispute relates to recovery of outstanding balance principal dues of approximately INR 19.5 crores, and interest thereon, by the Company from RSSC, pursuant to the supply agreements executed between the aforesaid parties during the year 2012.

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