Wednesday, 29 February 2012

Court asks Italian ship agent to deposit 25lakh guarantee

The Bench comprising Justice Thottathil B. Radhakrishnan and Justice C.T. Ravikumar made it clear that on furnishing a bank guarantee or demand drafts for the amount to the Registrar General of the High Court, the vessel could be allowed to sail out. However, the court clarified that this order would not stand in the way of the vessel being detained in any other litigation or as required by the police authorities in connection with any pending investigation. Full Article

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