Arrest of Cargo Vessel ‘MV MAGNET TEAM’ at Paradip Port Ordered Over ₹2.11 Crore Unpaid Dues: Orissa High Court
The Orissa High Court has ordered the arrest of the cargo vessel MV MAGNET TEAM (IMO: 9233507) stationed at the Paradip Port, following allegations of breach of a charter party agreement filed by SILK ROAD SHIPPING AND CHARTERING LTD., Cuttack. The urgent petition was heard by Justice V. Narasingh, sitting as the Admiralty Judge, who found sufficient grounds to exercise the Court’s admiralty jurisdiction under the Admiralty (Jurisdiction and Settlement…
