"Straightforward case:" Bombay High Court directs Essar companies to deposit over Rs. 80 crores as security amount for arbitration

Court directed Essar companies to deposit the amount in the plea filed by Arcelor Mittal Nippon Steel India Ltd. seeking a security for their claim in an arbitration dispute
"Straightforward case:" Bombay High Court directs Essar companies to deposit over Rs. 80 crores as security amount for arbitration
Bombay High Court

The Bombay High Court directed Essar Services India Private Limited (ESIPL) to deposit an amount of Rs. 47.41 crores and Essar House Private Limited (EHPL) to deposit an amount of Rs. 35 crores as security deposit in an arbitration dispute with Arcelor Mittal Nippon Steel India Ltd.

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