INDIAN PERSPECTIVE ON DETENTION AND DEMURRAGE

A shipping transaction is a commercial contract among the shipper (exporter), carrier, and consignee (importer) to facilitate the cross-border sale and transfer of goods via international waters. When an exporter or owner of goods intends to transport those goods by sea, the carrier, typically a shipping line, issues a Bill of Lading (BOL) to the […]

The interplay between the Cape Town Convention and insolvency law when a private airline company undergoes liquidation in India

This article provides a detailed analysis of how the Cape Town Convention (CTC) intersects with India’s Insolvency and Bankruptcy Code (IBC) in the context of aviation insolvency proceedings. Specifically, it highlights a case where a private Indian airline, Go First, voluntarily entered insolvency due to issues with aircraft engine suppliers. The article discusses the legal challenges and processes involved, including moratorium exceptions, creditor negotiations, and asset recovery by lessors. It underscores the Indian government’s efforts to align domestic insolvency laws with international conventions to protect the interests of aircraft lessors, thus fostering a more secure environment for international leasing activities in the Indian aviation market.

Liability of Ships and Ship Owners for the Bunker Supply Debts of Time Charterers

The article delves into the evolving legal landscape, including the impact of the Admiralty (Jurisdiction and Settlement of Maritime Claims) Act, 2017, and key court decisions shaping current jurisprudence.
This article aims to shed light on:
• The concept of maritime claims and ship arrests.
• The legal responsibilities surrounding bunker supplies under charterparties.
• Notable court cases and their implications for shipowners and maritime claimants.

Delhi Metro Rail Corporation Ltd. v. Delhi Airport Metro Express Pvt Ltd.

In the landmark case of Delhi Metro Rail Corporation Ltd. v. Delhi Airport Metro Express Pvt. Ltd., the Supreme Court of India, on April 10, 2024, set aside an INR 8000 Crore arbitral award using its curative jurisdiction. This judgment revolved around a 2008 Concession Agreement and highlighted the boundaries of judicial review in arbitration.
The Supreme Court found the arbitral award patently illegal due to the unreasonable interpretation of the termination clause, neglect of vital evidence, and insufficient reasoning. This ruling underscores the need for careful balance in arbitration, ensuring justice while limiting judicial interference. Such measures are crucial for India’s ambition to be a global arbitration hub and an attractive destination for foreign investment.