TSAVLIRIS SALVAGE (INTERNATIONAL) LTD. vs COMPASS SHIPPING & TRADING (P) LTD. — C.A. No. 1786 - 1787/2001

Case under Section XII-B. Status: Disposed.

Disposed

CNR: SCIN010032332001

Filing Date

17-Feb-2001

Registration No

C.A. No. 1786 - 1787/2001

Diary Number

3233/2001

Order Date

15-Dec-2003

Document Type

ROP - of Main Case

Disposal Type

Dismissed

Last updated 15-Jun-2026

Acts & Sections

Section XII-B

Petitioner(s)

  1. 1.TSAVLIRIS SALVAGE (INTERNATIONAL) LTD.

    Adv. MANIK KARANJAWALA

Respondent(s)

  1. 1.COMPASS SHIPPING & TRADING (P) LTD.

    Adv. GAUTAM BANERJI FOX MANDAL & CO. (Dead / Retired / Elevated) NIKILESH RAMACHANDRAN HARESH RAICHURA

Case History

  1. Case disposedDisposed

  2. 15-Dec-2003

    ROP - of Main CaseView PDF

  3. 02-Dec-2003

    ROP - of Main CaseView PDF

  4. 04-Aug-2003

    ROP - of Main CaseView PDF

  5. 05-Aug-2002

    ROP - of Main CaseView PDF

  6. 22-Jul-2002

    ROP - of Main CaseView PDF

  7. 29-Apr-2002

    ROP - of Main CaseView PDF

  8. 11-May-2001

    ROP - of Main CaseView PDF

  9. 04-Apr-2001

    ROPView PDF

  10. 12-Mar-2001

    ROP - of Main CaseView PDF

  11. 17-Feb-2001

    Case filed

    Registration No. C.A. No. 1786 - 1787/2001

View Full Judgment
casestatus.in Summary

Case Summary: Tsavliris Salvage v. Compass Shipping Date: 15 December 2003 On consent of all parties (Royal Bank of Scotland, Compass Shipping & Trading, Tulsi Maritime, Tsavliris Salvage, and Korea Undok Shipping), the Supreme Court disposed of the civil appeals and special leave petition. The Court approved a settlement distributing vessel M.V. Alquamar's sale proceeds (US$582,862.24) deposited in Madras High Court: US$30,000 to Compass Shipping, US$5,002 to Tulsi Maritime, and the balance with interest to Royal Bank of Scotland. Korea Undok paid US$10,000 to Tsavliris's solicitors, and its US$200,000 bank guarantee was released. Pending Madras High Court suits were withdrawn by respective parties, with Royal Bank reserving rights to pursue balance claims. This case analysis is maintained by casestatus.in based on publicly available court records.

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