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2025 DAILYLAW 54279 (KAR)

JSW INTERNATIONAL TRADE CORP PTE LTD v. NEWTON SHIPPING LLC

AP.IM/15/2025 · 2025-12-02

Ashok S Kinagi

body2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR NC: 2025:KHC:50244 AP.IM No. 15 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 2ND DAY OF DECEMBER, 2025 BEFORE THE HON'BLE MR. JUSTICE ASHOK S.KINAGI ARBITRATION PETITION-INTERIM MEASURE NO. 15 OF 2025 BETWEEN: 1. JSW INTERNATIONAL TRADE CORP PTE LTD AN ENTITY INCORPORATED UNDER THE LAWS OF SINGAPORE HAVING ITS OFFICE AT RAFFLES PLACE NO. 20-01, REPUBLIC PLAZA, SINGAPORE 048619 REPRESENTED BY ITS AUTHORISED SIGNATORY, MS. M. SHARULATHA, …PETITIONER (BY MS./SMT. SHIVANI P.MURTHY, ADVOCATE FOR SRI. ARJUN RAO.,ADVOCATE) AND: 1. NEWTON SHIPPING LLC AN ENTITY INCORPORATED UNDER THE LAWS OF UAE HAVING ITS OFFICE AT 2608, TAMEEM HOUSE, TECOM DUBAI, UAE BOX 566065 REPRESENTED BY ITS AUTHORISED SIGNATORY NEW MANGALORE AUTHORITY PORT A MAJOR PORT UNDER THE Digitally signed by SUNITHA K S Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:50244 AP.IM No. 15 of 2025 MINISTRY OF PORTS, SHIPPING AND WATERWAYS GOVERNMENT OF INDIA HAVING ITS OFFICE IN PANAMBUR, MANGALORE-575010, D.K. DISTRICT, KARNATAKA. REPRESENTED BY ITS CHAIRMAN. …RESPONDENT (BY SRI. IYER BALAJI HARISH, ADVOCATE) THIS ARBITRATION PETITION-INTERIM MEASURE IS FILED UNDER SECTION 9 OF THE ARBITRATION AND CONCILIATION ACT, 1996, PRAYING TO A. PASS AN ORDER OF STATUS QUO OR INJUNCTION RESTRAINING THE RESPONDENT, ITS SERVANTS AND/OR AGENTS AND/OR ASSIGNS FROM TRANSFERRING, SELLING, UTILIZING, OPERATING, REMOVING OR DEALING IN ANY MANNER WHATSOEVER WITH THEBUNKERSON BOARD MV HUA YANG MEI GUI AT NEW MANGALORE PORT TO THE EXTENT OF 153.12 MT FUEL OIL AND 99.02 MT DIESEL OIL TO SECURE THE PETITIONERS CLAIM OF USD 655,375 (UNITED STATES DOLLARS SIX HUNDRED AND FIFTY - FIVE THOUSAND THREE HUNDRED AND SEVENTY-FIVE ONLY), ETC. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: * * * CORAM: HON'BLE MR. JUSTICE ASHOK S.KINAGI - 3 - HC-KAR NC: 2025:KHC:50244 AP.IM No. 15 of 2025 ORAL ORDER Learned counsel for the petitioner has filed a memo stating that, the parties have entered into settlement agreement, while the payments under the settlement agreement have not been received yet, respondent No.1’s upstream charterer has agreed to guarantee the payment under the said settlement agreement. As such, the petitioner seeks to withdraw the present petition. 2. Memo is taken on record. 3. Accordingly, the petition is dismissed as withdrawn. 4. In view of the dismissal of the petition, pending IAs, if any, are disposed of accordingly. Sd/- (ASHOK S.KINAGI) JUDGE PA List No.: 3 Sl No.: 1