-Joel D’Souza (M2120)
Introduction-
JSW Steel Ltd is an Indian multinational steel making company based in Mumbai and a part of the Group. With of motto of “Revolutionizing today, for a better tomorrow “,today JSW Steel is India’s second largest private sector steel company. With 14 locations in India and a strong international presence in USA and Europe, JSW strives towards building strongest technological empowerment. JSW Steel has always been at the forefront of research and innovation. It has a strategic collaboration with global leader JFE Steel of Japan, enabling JSW to access new and state-of-the-art technologies to produce & offer high-value special steel products to its customers. These products are extensively used across industries and applications including construction, infrastructure, automobile, electrical applications, appliances, etc.
A list of few projects undertaken by the company that will benefit the country-
1-Solar Panels for new India
2-Steel driving the future mobility
3-Cold Rolled Steel- A basic Guide
4-Steel a future for sustainable construction
5-Building a strong India

About the Case
Karnataka High Court rejects MML’s ₹1,172.8 crore counterclaim against JSW Steel.

CWP No-16413

This Case dates back in 2012 when JSW approached the court.

The Karnataka High Court has rejected a Mysore Minerals Ltd (MML) plea to add a counterclaim of about ₹1,172.79 crore to a petition of JSW Steel Ltd, which is seeking a refund of about ₹272 crore from the state-owned company. The subject application of the respondent (MML) seeking leave to amend the written statement for introducing the counterclaim is dismissed,” Justice Krishna.S. Dixit said in a January 13 order, which came as a major relief to the Sajjan Jindal-owned JSW Steel. The judge also asked the lower court to pass an order in the original case within a year. SW Steel had originally filed a plea to claim the refund of excess premium of about ₹272 crore paid by it in lieu for supply of iron ore .The company had entered into two lease-cum-sale deeds with the state government in 2006 for expansion of its integrated steel plants. However, when the Supreme Court banned mining operations in Karnataka in 2011, this memorandum of understanding MoU was kept on hold, leading to a dispute between JSW Steel & MML.The case dates back to 2012, when JSW Steel had approached the court. MML filed its response in the beginning of 2013. Subsequently, MML sought the court’s permission in 2016 to amend its response and file a counterclaim against JSW Steel for ₹1,172.79 crore along with 18% interest.

Court Judgement-
Karnataka High Court dismisses MML’s Counterclaim of over Rs 1,100 crore against JSW Steel. Justice Krishna.S. Dixit of Karnataka High Court rejected Mysore Minerals Ltd(MML)plea to add a counterclaim of about Rs 1,72.79 crore to a petition filed by Jindal South West which was seeking a refund of about Rs 272 crore from the state owned company.