Feb 12, 2024 12:00 PM IST
The top court further held that both sides would have the liberty to argue on the aspect of whether the dispute was arbitrable or not, adding all rights and contentions of the parties are kept open
The Supreme Court on Monday cleared the decks for the initiation of arbitration proceedings by Arcelor Mittal Nippon Steel India Limited (AMNSIL) and Indian Oil Corporation Ltd (IOCL) for resolving their dispute relating to Essar Steel India Limited (ESIL).
ESIL was acquired by AMNSIL in 2019 through the corporate inso…
Read the full article at: https://www.hindustantimes.com/india-news/sc-nod-for-arcellormittal-nippon-steel-iocl-to-appoint-arbitrators-in-essar-case-101707719421359.html