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IN THE HIGH COURT OF JUDICATURE AT MADRAS
P. Velmurugan, K. Govindarajan Thilakavadi, JJ
Owners and parties interested in M.V. Nereus Progress (IMO 9170913) – Appellant
Versus
Om Freight Forwarders Limited – Respondent
| Table of Content |
|---|
| 1. background facts of suit and charter party termination (Para 1 , 2 , 3 , 4 , 5 , 6) |
| 2. appellant’s arguments on termination and repossession requirements (Para 7 , 8 , 9 , 10 , 11 , 12 , 13 , 14 , 15 , 16 , 17 , 18) |
| 3. respondent’s arguments on necessity of physical re-delivery (Para 19 , 20 , 21 , 22 , 23 , 24 , 25 , 26 , 27 , 28 , 29 , 30) |
| 4. court’s analysis on maritime claim and repossession (Para 31 , 32 , 33 , 34 , 35 , 36 , 37 , 38 , 39 , 40 , 41 , 42 , 43 , 44 , 45 , 46) |
| 5. appeal dismissed and arrest order confirmed (Para 47) |
JUDGMENT
K. GOVINDARAJAN THILAKAVADI,J.
1.The Appellant/Defendant has preferred the present appeal against common order dated 06.02.2026 passed in Application No.155 of 2026 and Application No.6081 of 2025 in C.S.(Commercial Div) No.314 of 2025.
2.The Respondent as Plaintiff filed the suit in C.S.(Comm.Div) No.314 of 2025 inter alia seeking an order and decree against the vessel M.V.Nereus Progress (IMO 9170913) and/or her owners and / or parties interest in her;
a)for a sum of INR 8,82,42,636.70 comprising of principal amount of USD 73,550.06 equivalent to Rs.66,10,679.39 and INR 6,90,18,750.20 along with interest of USD 20,069.03 (equivale
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