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

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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 […]

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