The Board of Trustees of the Port of Bombay v. Vibhuti Exports and Anr.
Case brief
What is this about?
This judgment decrees a suit filed by the Port Trust for recovery of a deficit of Rs.2,08,612.61. The court held the claim proved via affidavit and documents regarding the auction of waste oil cargo and awarded interest at 9% p.a.
What did the court decide?
Suit decreed with modification to allow interest @ 9% p.a. from the date of the suit until payment or realization.