HC to hear AM/NS India petition on transfer of Hazira port licence tomorrow

AM/NS India had earlier this year applied to GMB for transfer of licence within days of acquiring Essar Steel (now AM/NS India) in a Rs 42,000 crore transaction under an insolvency process. But a deci

A new battlefront is opening up between ArcelorMittal and the Ruias of Essar with ArcelorNippon Steel India (AM/NS India) moving Gujarat High Court for transfer of captive port licence at Hazira.

A petition has been filed against the Gujarat government, Guajarat Maritime Board (GMB) and Essar Bulk Terminal, and the matter is listed for hearing on Tuesday. The court will first have to decide whether to admit the case, sources indicated.

Sources in the know said that both sides had made representations before the GMB, but a decision was on hold. However, some discussions had started as GMB was looking to take