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Supreme Court refuses to stay order against Monsanto on GM cotton patents

Reuters  |  MUMBAI 

(Reuters) - The on Monday refused to grant a stay on a ruling that U.S. company cannot claim patents on its GM seeds, but the world's largest said it is "confident on the merits" of its case.

The last month concurred with Indian seed company Nuziveedu Seeds Ltd, which argued that India's Patent Act does not allow any patent cover for its genetically modified (GM) seeds.

The case is being submitted for an expedited preliminary hearing on July 18, said a

"We remain confident on the merits of the case. has been issuing patents on for more than 15 years, as is done widely across the globe," the said.

approved Monsanto's GM seed trait, the only lab-altered crop allowed in India, in 2003, and an upgraded variety in 2006. The approvals helped turn the country into the world's top and second-largest exporter of cotton.

Monsanto's now dominates 90 percent of India's cotton acreage.

The Delhi High Court's decision in April would provide relief to farmers by reducing royalties and seed prices, said Kalyan Goswami, of the (NSAI).

Details of the Supreme Court's refusal to grant a stay on the ruling against Monsanto were not immediately available.

(Reporting by Rajendra Jadhav; Editing by Tom Hogue)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 07 2018. 16:42 IST