The Supreme Court of India has overturned a Delhi High Court decision that dismissed Indian Oil Corp's (IOC) petition for the appointment of an arbitral tribunal to settle a Rs 8,772 crore ($1.2 billion) claim against ArcelorMittal Nippon Steel. The dispute initially involved bankrupt Essar Steel, which ArcelorMittal acquired in December 2019. The Delhi HC had termed the disputes as "non-arbitrable," and the SC noted both parties' willingness to resolve the matter through arbitration. Read The Rest at :
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.
