The Board of Mumbai Port Authority v. Sale Proceeds of Vessel M v Pfs Courage
Case brief
What is this about?
The Bombay High Court in Commercial Admiralty Suit No.36 of 2021 decreed a claim by the Board of Mumbai Port Authority for recovery of dues of Rs.1,97,104/- with interest from the sale proceeds of the vessel M.V.PFS Courage.
What did the court decide?
The Suit stands decreed for a sum of Rs.1,97,104/- along with interest at 15% p.a. from the date of the Suit till payment against the sale proceeds of the vessel, and costs of the Suit.