Supreme Court Resolves IOC-AM/NS Dispute

14 Feb 2024 CW Team

In a historic decision, the Supreme Court (SC) has intervened to resolve the ongoing dispute between Indian Oil Corporation (IOC) and ArcelorMittal/Nippon Steel (AM/NS), highlighting the importance of arbitration in settling complex industry disagreements and signalling a positive shift towards alternative dispute resolution mechanisms.

This landmark decision holds significant implications for the infrastructure sector, where protracted legal battles can impede progress and stability. The disagreement between IOC and AM/NS, major players in the energy and steel industries, had the potential to adversely impact the broader economy. The Supreme Court's intervention to advocate for arbitration aligns with the overarching goal of expediting conflict resolution, ensuring smoother operations, and creating a conducive environment for business growth.

The decision is anticipated to serve as a precedent for addressing similar disputes in the future, underscoring the judiciary's commitment to promoting efficiency and fairness in the corporate landscape. Recognizing the pivotal role that industries play in the nation's economic growth, the Supreme Court's stance on arbitration resonates with the imperative for timely and effective conflict resolution mechanisms, contributing to a business environment that fosters stability and growth.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..