Lockdown cannot rescue steel importer from contractual obligations to make payment, distribution of steel an essential service: Bombay HC

Lockdown cannot rescue steel importer from contractual obligations to make payment, distribution of steel an essential service: Bombay HC
Bombay High Court

The Bombay High Court has ruled that since the lockdown would be for a limited period, it could not come to the rescue of a steel importer so as to enable it to resile from its contractual obligations to make payment. (Standard Retail Pvt. Ltd vs M/s G. S. Global Corp & Ors)

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