BIS moves HC against Tata Steel for defaulting payment of lease rental
Fri, Sep 18, 2020 6:40 AM

BIS moves HC against Tata Steel for defaulting payment of lease rental

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Brace Iron and Steel on Thursday moved the Delhi high court accusing Tata Steel BSL of defaulting in payment of its lease rentals for using its 4 Oxygen plants/leased equipment at the latter’s integrated steel plant in Meramandli, Odisha. Seeking immediate payment of the entire defaulted amount of Rs 79cr including interest, it urged the HC to restrain the Tata firm from using its equipments.

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