HC stops Indian seed co from selling Bt cotton under Monsanto brand

HC also asked the Hyderabad firm to pay the royalty to MMBL after selling the old stock manufactured before November 2015

Supreme Court appoints Uttar Pradesh Lok Ayukta
BS ReporterAgencies New Delhi
Last Updated : Feb 20 2016 | 12:56 AM IST
The Delhi High Court on Friday restrained Hyderabad-based Nuziveedu Seeds from selling Bt cotton seeds using the trade-mark of US-based agro major Monsanto’s Indian arm Mahyco Monsanto Biotech Ltd (MMBL), news agency PTI reported.

The high court also asked the Hyderabad firm to pay the royalty to MMBL after selling the old stock manufactured before November 2015.

MMBL stated it was ‘compelled’ to terminate the licence agreements of Nuziveedu and its group companies owing to the latter’s refusal to pay trait fees (royalty) of Rs 165 crore on “specious grounds”, despite having collected the maximum retail price from farmers.

Also Read

The court restrained Nuziveedu Seeds from selling seeds manufactured after November 2015, the licence agreement between the two parties was terminated. It also appointed local commissioners to make an inventory of stocks available with Nuziveedu.

The court’s order came on a lawsuit moved by the MMBL.

According to the PTI report, lawyers Sandeep Sethi and Pratibha M Singh, appearing for the agro major, submitted the domestic company was selling the product by infringing the Monsanto trade mark. Monsanto said Nuziveedu was selling Bt cotton seeds manufactured using the US firm’s patented Bollgard-II gene technology.

MMBL has also approached the Bombay High Court over non-payment of about Rs 400 crore of royalty fees by some Bt cotton seed manufacturers including Nuziveedu.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 20 2016 | 12:22 AM IST

Next Story