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Bombay HC asks Essar to deposit security payable to AM/NS with court

Essar spokesman refuses to comment saying matter is subjudice, adding that group is exploring all options including appealing to a higher court

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A security guard stands next to an Essar Group logo outside the headquarters in Mumbai. Photo: Reuters

3 min read Last Updated : Dec 21 2020 | 1:25 AM IST

Essar House Private Limited, which owns Essar House, the headquarters of Ruias-controlled Essar group, and Essar Services Private Limited have been directed to deposit the refundable security payable to ArcelorMittal Nippon Steel India by the Bombay High Court.

The petitions were filed by AM/NS India as urgent protective interim order pre-arbitration under Section 9 of the Arbitration and Conciliation Act 1996. Both sides agreed to a reference of their disputes to the sole arbitration of Soli Cooper, a senior advocate of the high court.

In an order passed on December 10, Essar House Private Limited (EHPL) has been ordered and

Topics : Essar Bombay High Court ArcelorMittal

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