Tag: India: Bombay HC Refuses to Provide ‘Force Majeure’ Exemption to Steel Importers Citing ‘Essential Service

Few of the importing companies in India had raised the force majeure clause with Hyundai Corp and GS Global in South Korea since the contract seems impossible to complete amid complete lockdown. However, the Bombay high court rejected the force majeure for all the importers who refused to accept the letter of credit issued by…