K. Marine Agencies Private Limited v. Bahri Jazan (Imo No. 9620970)
Case brief
What is this about?
The court granted leave to withdraw a commercial admiralty suit as withdrawn and ordered the return of the security amount deposited by the defendant along with interest and after deducting bank charges, noting no poundage was payable.
What did the court decide?
Leave granted to withdraw suit; suit dismissed; security deposit with interest to be returned; no poundage payable.