Independent journal on economy and transport policy
01:31 GMT+2
Indian port authority's right to sell arrested vessel is paramount
(Shipping Times)
February 26, 1999
By Selva Kumar
THE Supreme Court of India has held that the statutory right of an Indian harbour authority to sell a vessel it has lawfully arrested is paramount and cannot be subject to other priorities under insolvency or companies legislation.
The court decided that powers vested in the Board of Trustees of the Port of Mumbai under the Major Port Trust ...... Read more on Shipping Times
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