STOCK MARKET BSE NSE

Supreme Court Declines to Stay Release of Cyprus

NEWDELHI: The Supreme Court on Monday declined to stay the release of a Cypriot commercial ship, which had collided with an Indian warship near Mumbai port on January 31, 2011, causing extensi

Published: 24th April 2012 01:58 AM  |   Last Updated: 16th May 2012 07:43 PM   |  A+A-

NEWDELHI: The Supreme Court on Monday declined to stay the release of a Cypriot commercial ship, which had collided with an Indian warship near Mumbai port on January 31, 2011, causing extensive damage to the latter and a loss of `1,058 crore.

However, a Bench comprising Justice H L Dattu and Justice C K Prasad said that it was not passing any interim order now as the Bench wants to keep open the question of law on the issue.

“We wonder how vigilant you were that your naval ship was hit by a merchant ship,” Justice Dattu remarked when Additional Solicitor General Indira Jaising pleaded with the Bench to stay the order of the Bombay High Court directing that the ship be released.

The Bench remained unconvinced when Jaising repeatedly said that the loss to the government would be enormous as the naval ship concerned was one of its kind in the country.

“So we have lost even that one ship,” the judge retorted refusing to interfere with the Bombay High Court order.

“What are you going to achieve by prolonging the detention of the merchant ship?” the Bench asked.

She said: “If the owner of the ship doesn’t indemnify the loss, then the government would auction the ship and recover the loss.” But the Bench was not convinced.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp