Supreme Court · 2022 INSC 957 · Decided 14 September 2022
Essar House Private Limited v. Arcellor Mittal Nippon Steel India Limited
- Court
- Supreme Court of India
- Citation
- 2022 INSC 957 · [2022] 11 S.C.R. 1001
- Case number
- CIVIL APPEAL No. 6574/2022
- Decided
- 14 September 2022
- Bench
- INDIRA BANERJEE, A.S. BOPANNA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- CPC Section 7, 14; Arbitration Act Section 9, 36; IBC Section 7, 14
Headnote
Arbitration and Conciliation Act, 1996 - s.9 - Insolvency and Bankruptcy Code, 2016 - ss.7, 14 - Code of Civil Procedure, 1908 - Or.38, r.5 -A sum of about Rs.35 crores and Rs.47 crores was paid by Essar Steel to the appellant shere in (Essar by way of refundable security deposit - A petition was filed u/s.7, IBC for initiation of CIR Pagainst Essar Steel - Respondent, as resolution applicant submitted a Resolution Plan in respect of Essar Steel which was approved- Respondent took over Essar
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