The Ruias and the Mittals are slugging it out in court over the repayment of security deposits worth a little over Rs 82 crore.
The deposits had been placed by Essar Steel which is now owned by the Mittals with two Ruia-owned companies for the right to occupy space in the 22-storey Essar House at Mahlaxmi; and for a support services pact that got terminated in May 2014.
The Bombay High Court has directed Essar House (EHPL) and Essar Services India (ESIL) to deposit Rs 35.5 crore and Rs 47.41 crore, respectively, as security deposits in a dispute with Arcelor Mittal Nippon Steel India Ltd (AM/NS India).