Court orders arrest of company vessel in cargo dispute, 7.44 crore security directed
TRANSWORLD · price
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Transworld Shipping Lines informed exchanges that the Gujarat High Court issued an arrest order on 13 January 2026 for the vessel SSL Visakhapatnam in an admiralty suit filed by Kishan Minerals. The plaintiff alleges mis-delivery of cargo without the original Bill of Lading being tendered. The court has ordered the company to deposit about 7.44 crore rupees as security while the matter is pending adjudication.
Adverse interim order requiring 7.44 crore deposit and vessel arrest may pressure financials and disrupt operations.