Allied Blenders Faces Arbitration Dispute Over Outstanding Amounts with Subsidiary Partner
Allied Blenders and Distillers Ltd is involved in an arbitration dispute concerning purported outstanding amounts stemming from a Deed of Retirement cum Admission. The claim has been filed by Mr. Balaji Shivdas Pawar, a partner of Minakshi Agro Industries LLP (MAILLP), a subsidiary of the Company.Mr. Balaji Shivdas Pawar filed a Statement of Claim on June 6, 2026, before Sole Arbitrator Smt. Sadhana Jadhav, former Judge of Hon'ble Bombay High Court. In the arbitration process, Mr. Pawar has made Allied Blenders and Distillers Ltd a respondent.
The claim seeks recovery amounting to Rs. 25,53,62,813/- (Rupees twenty five crores fifty three lakh sixty two thousand eight hundred and thirteen only), along with interest at the rate of 18% per annum, calculated from the date of filing the Statement of Claim until realization. The claim is based on the recovery of purported outstanding amounts detailed in a Deed of Retirement cum Admission executed on December 10, 2024.
The Company and MAILLP have responded to the allegations by engaging an advocate to file a Statement of Defense and a Counter Claim against Mr. Balaji Shivdas Pawar. The company stated that its internal assessment suggests a robust defense against the claims, noting that the demands are "partly/fully unsustainable" and based on fundamental factual misstatements contrary to records.
Details of the litigation and the financial implications are summarized below:
| Particulars | Details |
|---|---|
| Claimant | Mr. Balaji Shivdas Pawar (Partner of Minakshi Agro Industries LLP) |
| Respondent | Allied Blenders and Distillers Ltd |
| Tribunal | Sole Arbitrator Smt. Sadhana Jadhav, former Judge of Hon'ble Bombay High Court |
| Quantum of Claim | Rs. 25,53,62,813/- |
| Interest Rate | 18% per annum |
The Company stated that it is taking all requisite steps to safeguard its interests in this matter.
ABDL Stock Price Movement
Allied Blenders and Distillers Limited stock climbed 2.09% on Friday, settling at ₹580.7 as traders concluded the session. The share movement took place within a range defined by a low of ₹571.75 and a high of ₹586.95, with 301,894 shares being traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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