ESPL, incorporated in 2006, was set up to trade in spices, but currently trades only in un-manufactured tobacco.
All the four companies ETIL, EAL, ESPL and ITIPL are promoted by the Mr.
Filing its application, the BCCI in its appeal mentioned that the single bench of Delhi high court had already passed an injunction order against the plea of ESPL for filing a suit against BCCI in London but injunction should also be passed against its suit to proceed the case against ECB and ICC.
However, the court had allowed ESPL to go ahead with the suit against ICC and ECB.
CRISIL believes that ESPL
will maintain its market position on the back of healthy demand from the Indian Railways and its increasing product profile.
Singh said BCCI was also a party and ESPL
has moved the division bench to sue BCCI before the courts in the United Kingdom.
ICRA also assigned an A4 rating to the INR10m non-fund-based bank limits of ESPL