Introduction

1. On 30th August 2014 State Trading Corporation of India Limited (STC), the Decree Holder (DH), filed the present execution petition for execution of the Settlement Agreement (SA) dated 15th November 2011 as modified by Further Settlement Agreement (FSA) dated 17th May 2012 under Section 73 of the Arbitration and Conciliation Act, 1996 (Act) which were final and binding on the parties and were to be treated as an Award under Section 74 read with Section 30 of the Act.

2. The Judgment Debtors (JDs) as stated in the memo of parties are as under:

1. M/S GLOBAL STEEL HOLDINGS LTD.(GSHL)

Registered Office, 1st Floor,

Murdoch House, North Shore Road,

Ramsay, Isle of Man

Channel Islands, IM8 3DY

Also at:-

3, Auckland Terrace,

Parliament Street,

Ramsay, Isle of Man,

1M81AF.

And Also at:-

43, Grosvenor Street, London W1K 3HL

2. M/S GLOBALSTEEL PHILIPPINES

(SPV-AMC) INC. (GSPI)

12/F SGV IBLDG,

3750, AYALAAVE.

Makati City 126, Philippines.

Also at:-

Unit 2703, 27th Floor,

88, Corporate Centre,

Sedeno Corner,

Valero Street, Salcedo Village,

Makati City 1227

Mania [Philippines]

And Also at:-

Suarez Illigan City - 9200,

Philippines.

3. MR. PRAMOD MITTAL

S/o. Shri Mohanla