The court also summoned Asim Ghosh and Ravi Ruia, who were previously directors of Hutchison-Essar Ltd.
Essar, which derives its name from the brothers' first initials, is hoping for a bigger payoff.
Essar commissioned its first oil refinery in November and is quickly expanding its other businesses.
Then in December Li decided to cash out of Hutchison Essar, kicking off a bidding war.
Denying the charges, the Essar Group said it will take legal steps to defend itself.
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Essar is part of a conglomerate with interests in shipping, steel, oil and power.
It did just that May 16, rejecting Esmark's agreement to be acquired by Essar.
It did just that May 16, rejecting Esmark's agreement to be acquired by Essar Steel.
Huawei supplies network equipment to many of India's biggest telcos: Bharti Airtel, Vodafone Essar and Reliance Communications.
The Essar spokesman said the company had "made solid progress in recovering the small amount of discharged oil".
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Essar Energy is expected to begin trading on the London Stock Exchange next week under the ticker symbol ESSR.
They then plan to consolidate their empire into the Cayman Islands-registered Essar Global.
Essar, from India, wants to spend a similar amount on a steel mill.
Vodafone, which bought out Indian joint venture partner Essar Group last year, has had a rough time in the country.
Both parties have claimed they have been wronged over the proposed sale of Esmark to Essar Steel Holdings of India.
"We continue to invite bidders, including Severstal, to provide a superior proposal to that of Essar, " Chairman JamesBouchardJames Bouchard said.
Since that acquisition, Vodafone Essar, as the Indian company is now called, has delivered 50.0% sales growth year on year.
"We continue to invite bidders, including Severstal, to provide a superior proposal to that of Essar, " Chairman James Bouchard said.
"In a six-year marriage there are bound to be some arguments, " admits Shashi Ruia's son, Prashant, who sits on Hutchison Essar's board.
Hutchison Essar, which co-operates routinely with Indian security services, suspects that media coverage of the alleged risks is being inspired by its rivals.
If Essar gets its way, as it still expects, it will testify to the enormous clout that large Indian borrowers continue to wield.
The union said Esmark and Essar wouldn't be able to close their transaction unless Essar initiated a new labor agreement with the United Steelworkers.
These, it argued, had made it hard for Essar to borrow abroad to repay the notes, leaving it no option but to approach its Indian creditors.
"We are consulting our legal experts and exploring all legal options and will in due course take up appropriate legal proceedings to challenge this order, " Essar said.
In a regulatory filing last week Franklin said it had tendered all of its Esmark shares into the Severstal offer because the USW opposed the Essar bid.
The offer mirrored last week's bid by India's Essar Steel Holdings except for one crucial difference: Severstal claims to have the support of the United Steelworkers union.
Indeed the direct pipeline from the Essar refinery meant that during recent fuel blockades when motorists and public services were hit, the airport received an uninterrupted flow of fuel.
They got mad when Li sold a minority stake in Hutchison Telecom, the 67% shareholder in Hutchison Essar, to Egyptian telecom company Orascom (controlled by Egyptian billionaire Naguib Sawiris).
Feisty Ruias are reportedly fighting partner Li Ka-shing over their biggest asset, 33% stake in Hutchison Essar, India's third-largest mobile phone operator in which Li's Hutchison Whampoa owns 67%.
India's Foreign Investment Promotion Board decided that Vodafone's acquisition of a controlling stake in Hutchison Essar , the country's fourth-biggest mobile-phone operator, did not breach Indian regulations on foreign investment.
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