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Abhimanyu Sharma
Abhimanyu Sharma | Correspondent
Updated Sep 14, 2021 | 14:47 IST
Supreme Court (File photo)
Supreme Court (File photo)  |  Photo Credit: Twitter

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  • Status of Essar Bulk Terminal as a captive facility, pending payments to decided
  • Commercial court to decide if Essar Bulk Terminal's license can be transferred to ArcelorMittal
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Another pending issue before the commercial court would be the status of Essar Bulk Terminal at Hazira, which AMNS India claims is a captive facility.,casino slot games free

The 2-judge bench of Justice Indira Banerjee and Justice JK Maheshwari upheld the Surat trial court order by allowing conduct of arbitration proceedings under Section 9 of the Arbitration Act in a commercial court even when an arbitral tribunal had been constituted. Section 9 of the Arbitration and Reconciliation Act governs conduct of interim measures by a court in ongoing arbitration proceedings. ,bet365 android app reddit

AMNS India had moved the top court against the August 18 Gujarat High Court order which had refused to interfere with a Surat court order. Earlier, a commercial court in Surat had dismissed AMNS' plea on July 17, by refusing to shift all proceedings to the arbitral tribunal.,football match today portugal

After Essar Steel was acquired by ArcelorMittal for around Rs. 42,000 crores, Essar Bulk Terminal had claimed that the Hazira port wasn't a part of the resolution process with ArcelorMittal.,bet on basketball games online

best canadian sports betting sites,However, ArcelorMittal had contended that it should get possession of the port license as it had acquired the bankrupt Essar Steel, citing its pre-existing agreement for cargo handling at Hazira port in 2011. ArcelorMittal had claimed that the bulk terminal at Hazira was built for a captive purpose to exclusively serve Essar Steel's plant.

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