Divison Bench of Bombay High Court Reserved Judgment in Admiralty Appeal on Quantum of Security for Release of Arrested Vessel M.V. Nordlake; Order of Single Judge Requiring Full-Claim Security Challenged. The appellant foreign ship-owner contended that under the International Convention on Arrest of Ships, 1999 and Rule 954 of the Bombay High Court (Original Side) Rules, security should be limited to the vessel's value of Rs.47 crores, while the respondent Union of India argued that security must cover the full claim of Rs.1058 crores.
7 Mar 2012The appeal arose from collision between the first defendant vessel, M.V. Nordlake, and the naval vessel INS Vindhyagiri near Mumbai on 30 January 2011...
