Delhi High Court appoints Justice L Nageswara Rao as arbitrator in ₹150 crore loan dispute involving Essel, Zee, Siti, Aditya Birla Finance

Adittya Birla Finance had extended a term loan of ₹150 crore to Essel group company Siti. However, the firm defaulted on the same.
Justice L Nageswara Rao
Justice L Nageswara Rao

The Delhi High Court recently referred to arbitration a dispute involving Essel Corporate, Zee Enterprises, Siti Networks and Aditya Birla Finance in relation to the dispute regarding Siti’s failure to repay the term loan of ₹150 crores extended by Aditya Birla Finance.

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