financetom
Retail
financetom
/
Retail
/
PepsiCo proposes settlement to Gujarat potato farmers sued by it
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
PepsiCo proposes settlement to Gujarat potato farmers sued by it
Apr 27, 2019 8:23 AM

Food and beverages giant PepsiCo Friday offered to settle lawsuits against four farmers who it has dragged to court for allegedly illegally growing a variety of potatoes "registered" by the company.

Nine farmers from Sabarkantha and Aravalli districts are being sued by PepsiCo for allegedly growing a variety of potatoes for which it has claimed Plant Variety Protection (PVP) rights.

During a hearing in the commercial court here Friday, the firm offered to settle the dispute if the farmers gave the undertaking to purchase this specific variety of seeds from the company and thereafter sell the potato produced to it.

Senior counsel Anand Yagnik, who appeared for the four farmers of Sabarkantha district, told the court he will discuss this settlement proposal with the farmers and inform the court about the outcome during the next hearing.

Commercial Court Judge M C Tyagi Friday extended its previous order restricting these farmers from using the patented seeds till the next hearing, which was kept for June 12.

The multinational giant has sought damages of Rs 1 crore from each of the four farmers in its suit filed at the commercial court in Ahmedabad, and Rs 20 lakh from each of the farmers sued at a district court in Modasa town of Arvalli district.

Two days ago, over 190 activists came out in support of these farmers and also requested the Union government to ask PepsiCo India to withdraw its "false" cases against Gujarat farmers.

In a letter to the Ministry of Agriculture, 194 signatories have sought financial aid and protection of rights of farmers who have been sued for growing and selling a potato variety called FC-5 potato, for which PepsiCo India Holdings claimed to have obtained "exclusive rights in the country in 2016".

First Published:Apr 27, 2019 5:23 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Deal with Uday Shankar, James Murdoch a big push forward for Viacom18: Prabhudas Lilladher
Deal with Uday Shankar, James Murdoch a big push forward for Viacom18: Prabhudas Lilladher
Jan 27, 2022
Reliance Industries Limited (RIL) is doubling down on the media business with a strong push to both broadcasting as well as digital media by inducting marquee investors and launching big-ticket investments. For this purpose, RIL has roped in Uday Shankar, former Star & Disney India chairman, and James Murdoch, as strategic partners. To decode what this would mean for Viacom18, CNBC-TV18 spoke to Amnish Aggarwal, Head-Research, Prabhudas Lilladher.
In Pics | 14 major companies that filed for bankruptcy in 2020
In Pics | 14 major companies that filed for bankruptcy in 2020
Dec 24, 2020
2020 has been a brutal year for businesses, so much so that the volume of bankruptcies this year has surpassed that of 2008. From the travel and hotel space to the energy sector, businesses across industries suffered for months as the COVID-19-induced lockdown put brakes on economic activities across the world. However, retailers selling non-essential goods have been the worst-affected with many of these names emerging among the biggest bankruptcies of 2020. As per S&P Global Market Intelligence, 610 firms have filed for bankruptcies as of December 13, the highest since 2012. Retailers like J.C. Penney, Neiman Marcus, and J.Crew, car rental giant Hertz, mall operator CBL & Associates Properties are some of the names that have been listed in Fortune’s list of ‘14 of the biggest bankruptcies of 2020'. The 14 bankruptcies happen to be from the US as the valuations of liabilities remain higher than those of others. Here’s a look at these companies and their liabilities, as mentioned by Fortune:
Black Friday offers beacon of hope to struggling stores
Black Friday offers beacon of hope to struggling stores
Nov 27, 2020
Black Friday is still critical,” said Neil Saunders, managing director of GlobalData Retail. No retailer wants it to be tarnished. It’s still vital to get their consumers spending and get consumers into the holiday mood.”
China says looking into unfair competition on e-commerce platforms
China says looking into unfair competition on e-commerce platforms
Oct 24, 2020
China's market regulator and other government departments have launched an exercise focused on e-commerce, with plans to crack down on areas such as unfair competition and the illegal trading of counterfeits or wildlife, state news agency Xinhua said.
Copyright 2023-2025 - www.financetom.com All Rights Reserved