PORTO EMPORIOS SHIPPING INC vs INDIAN OIL CORPORATION LIMITEDR & ANR.

$- * IN THE HIGH COURT OF DELHI AT NEW DELHI BEFORE HON'BLE MR. JUSTICE PURUSHAINDRA KUMAR KAURAV + CS (OS) 549/2021, I.A. 13976/2021, I.A. 15279/2021 and I.A.15281/2021 Between: - PORTO EMPORIOS SHIPPING INC., THROUGH ITS CONSTITUTED ATTORNEY MR. ANIL SHAMRAO JADHAV REGISTERED OFFICE: 80 BROAD STREET, MONROVIA, LIBERIA ....PLAINTIFF (Through: Mr. Sandeep Sethi, Sr. Advocate with Mr. Arvind Kumar Gupta, Mr.Aditya, Mr.Ajay, Mr. Omkar Pradhan and Mr. Arun Bhattacharya, Advocates.) AND 1. INDIAN OIL CORPORATION LIMITED, REGISTERED OFFICE: CORE-2, SCOPE COMPLEX 7, INSTITUTIONAL AREA, PRAGATI VIHAR, LOODHI ROAD, NEW DELHI, 110003 2. INDIAN COUNCIL OF ARBITRATION REGISTERED OFFICE: FEDERATION HOUSE, TANSEN MARG, NEW DELHI, 110001 ....DEFENDANTS (Through: Mr. Ashish Dholakia, Sr. Advocate with Mr. Tarang Gupta, Mr. Shrikant Hathi, Mr. Kartikeya Sharma, Mr. Pavitra Kaur, Ms. Meghna Tandon, Mr. Shiven Asthana, Advocates for D-1.) 2. Before delving into the intricate legal disputes, it is imperative to encapsulate the salient events that underpin this multifaceted controversy. The following sequence of events provides the essential context required for a comprehensive understanding of the is