"Straightforward case:" Bombay High Court directs Essar companies to deposit over Rs. 80 crores as security amount for arbitration

The Bombay High Court directed Essar Services India Private Limited (ESIPL) to deposit an amount of Rs. 47.41 crores and Essar House Private Limited (EHPL) to deposit an amount of Rs. 35 crores as security deposit in an arbitration dispute with Arcelor Mittal Nippon Steel India Ltd.