Visalakshi Ramanathan Chettiar v. M v Shivam and Ors.
Case brief
What is this about?
Bombay High Court Admiralty; IA 2019 of 2025 in Admiralty Suit 2 of 2015; decree on admission Order XII Rule 6 CPC; Clause 5 Settlement Agreement dated 17.12.2014 admission; supply of necessaries to M.V. Shivam; admiralty action in rem versus IBC liquidation; Section 53 IBC inapplicable to distribution of Admiralty sale proceeds; priorities under Sections 9 and 10 Admiralty Act 2017; maritime lien claimant as secured creditor qua arrested vessel; Official Liquidator Delhi High Court; Raj Shipping Agencies v Barge Madhwa followed; Raj Transport and Trading Company v Barge Madhwa; Uttam Singh Duggal AIR 2000 SC 2740; Charanjit Lal Mehra; legal costs restricted to Rs. 2,50,000; decree Rs. 15,69,544 plus 12% interest totalling Rs. 37,16,168; vessel auctioned to Delta Maritime for Rs. 40,00,000; suit kept pending for priorities and pay-out; Abhay Ahuja J; 07 November 2025.
What did the court decide?
Decree and order in favour of the Plaintiff/Applicant against the sale proceeds of the Defendant vessel for Rs. 15,69,544/- plus simple interest @12% per annum (INR 21,46,624), totalling Rs. 37,16,168/-, and Rs. 2,50,000/- legal fee/costs (restricted from Rs. 10,00,000/-), with further interest @12% till payment/realization together with costs and poundage, payable from the sale proceeds of the vessels lying with the Prothonotary and Senior Master, Bombay High Court; drawn-up decree dispensed with; Suit decreed but kept pending for determination of priorities and pay-out; IA No. 2260 of 2025 (priorities) to be considered on 28 November 2025.