JK Agri Genetics Ltd.'s civil recovery suit for an insurance claim of ₹ 0.43 crore has been dismissed by the 12th Additional Chief Judge, City Civil Court, Secunderabad.

This claim stemmed from a 2014 incident where a cumin seed consignment was damaged in transit and the insurance company refused payout.

The company intends to contest this order before an appropriate court, believing it has a strong case to realize the ₹ 0.43 crore claim amount, excluding interest.

This development impacts a potential recovery for the company.