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COVID 19: Force Majeure Clause Applicable Only To Steel Supplier And Not Importer – Steel Importer Denied Ad-Interim Stay on Encashment of Letters of Credit

April 18, 2020 by Legal India Admin | Leave a Comment

The Hon’ble Bombay High Court vide its order dated April 8, 2020 denied ad interim protection to Standard Retail Pvt. Ltd. and other steel importers from encashment of letters of credit. The said order was passed by Hon’ble Mr. Justice AA Sayed in petitions filed by the steel importers under Section 9 of the Arbitration […]

Tagged COVID-19 Force Majeure Clause Applicable Only To Steel Supplier And Not Importer Steel Importer Denied Ad-Interim Stay on Encashment of Letters of Credit