MUMBAI: The Bombay high court on Thursday directed the directors of Essar House Pvt Ltd and Essar Services India Pvt Ltd to remain present personally in the court on Friday for a contempt petition filed against the companies by ArcelorMittal Nippon Steel India Ltd (formerly Essar Steel India Ltd) and to give a complete disclosure of assets on affidavit including art work, jewellery, furniture costing over Rs 1 lakh or deposit 50 per cent of the amount directed to be furnished earlier.
The HC bench of Justices Gautam Patel and Madhav Jamdar passed the order on a contempt petition filed by Arcelor against the two said companies. Birendra Saraf, senior counsel for Arcelor pointed out that the directors are in willful disobedience amounting to civil contempt of orders of the HC including one passed on February 1, 2021 which gave them time to furnish a bank guarantee. The Essar House had to deposit Rs 35 crore and Essar Services, Rs 47 crore. The HC said, “Not a rupee has been deposited".
