logo
Kerala HC orders arrest of another sister ship of sunken vessel to recover losses

Kerala HC orders arrest of another sister ship of sunken vessel to recover losses

Scroll.in18-06-2025
The Kerala High Court on Wednesday ordered the conditional arrest of Liberian-flagged ship MV MSC Polo II for securing claims related to cargo losses incurred after its sister vessel, MSC Elsa 3, sank off the Kochi coast on May 25, Live Law reported.
Justice MA Abdul Hakhim passed the order in a suit filed by Sans Cashew India Private Limited, which claimed its consignment worth Rs 74 lakh was lost due to the sinking.
MSC ELSA 3 was on its way from Vizhinjam to Kochi and carrying 640 containers, including 13 hazardous cargo and 12 calcium carbide containers, when it sank 'reportedly due to flooding in one of the holds', the Indian Coast Guard had said.
On June 13, the High Court had issued a similar order to detain another vessel that is also operated by the Mediterranean Shipping Company following petitions from five other cargo owners who also lost shipments in the incident, The News Minute reported.
The order secured nearly Rs 6 crore as a conditional deposit for the release of the ship, Bar and Bench reported.
On Wednesday, Hakhim said that the conditional arrest of MSC Polo II would be lifted if the vessel's owners deposit Rs 74 lakh or furnish adequate security in court.
The court also clarified that the arrest can only be made when the ship is anchored within the territorial jurisdiction of Kerala.
The ship is currently en route to Vizhinjam Port, according to Bar and Bench.
The court ordered the arrest on the basis that the shipping company has no assets in India.
The matter will be heard next on June 23.
On May 29, the Kerala government declared the wreckage of MSC ELSA 3 a state-specific disaster.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Three held with drugs of more than Rs 22 lakh in Thane
Three held with drugs of more than Rs 22 lakh in Thane

News18

time16 minutes ago

  • News18

Three held with drugs of more than Rs 22 lakh in Thane

Thane, Jul 21 (PTI) Police have arrested three persons after seizing drugs valued at more than Rs 22 lakh following two raids in Maharashtra's Thane district, officials said on Monday. Acting on a tip-off, the police raided a room near the Valdhuni river under Khadakpada police station area in Kalyan on July 17 and seized 1.12 kilograms of ganja (cannabis) valued at Rs 25,000, Deputy Commissioner of Police (Zone-III, Kalyan) Atul Zende said in a release. A man, identified as Ravi Shivaji Gavli (30), resident of Anupam Nagar, who was found in possession of the narcotic substance was immediately taken into custody, the official said. On July 18, the police carried out another raid at a location behind the APMC Market Road in Kalyan where two individuals were allegedly attempting to sell banned narcotic substances. 'During the raid, our team seized 110 grams of MD (mephedrone), a synthetic drug, from the possession of the accused. The market value of the seized drug is estimated at Rs 22 lakh," Zende said. The police arrested the two accused, identified as Mohammad Kaif Mansur Shaikh (24), resident of Kalyan, and Fardin Asif Sheikh (24), from Kongaon in Bhiwandi, the official said. 'We are now conducting further investigations to trace the supply chain – from where the drugs were procured and to whom they were being sold," the official said. PTI COR GK (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 21, 2025, 08:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

CoinDCX hit by $44.2 million security breach; founders say customer funds unaffected, safe
CoinDCX hit by $44.2 million security breach; founders say customer funds unaffected, safe

The Hindu

timean hour ago

  • The Hindu

CoinDCX hit by $44.2 million security breach; founders say customer funds unaffected, safe

Indian cryptocurrency exchange CoinDCX has suffered a security breach, resulting in theft of $44.2 million, or ₹378 crore, even as the founders took to X to reassure that customer funds remained unaffected and safe, with the compromise limited to an internal operational account. The total exposure is being absorbed entirely by CoinDCX, using the company's treasury reserves, the company said in a First Incident Report released on Sunday. According to the report, on July 19, at 4 a.m., CoinDCX security systems detected an incident involving unauthorised access to one of its accounts on the partner exchange, leading to a financial exposure of about $44 million. The incident once again puts the spotlight on mounting security threats in the highly volatile world of cryptocurrencies. Last year, crypto exchange WazirX faced a hack in India, leading to the loss of more than $230 million, and marking one of the biggest such heists in India. The theft had prompted a thorough examination of safety measures and eroded sentiments. CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal took to the social media platform X to address the situation, confirming that the attack was the result of a sophisticated server breach, targeting an internal wallet, not the ones holding customer assets. The incident was first flagged by blockchain investigator ZachXBT, following which the exchange made the disclosure public. "Today, one of our internal operational accounts -- used only for liquidity provisioning on a partner exchange -- was compromised due to a sophisticated server breach. I confirm that the CoinDCX wallets used to store customer assets are not impacted and are completely safe. This won't cause any loss to our customers. CoinDCX will be bearing the full amount," Mr. Gupta said. "The total amount lost was USD 44Mn out of our treasury assets. Coindcx Treasury will be bearing these losses," Mr. Khandelwal wrote. Following this, users rushed to check their balances, leading to a spike in withdrawal requests. The sudden surge in activity led to CoinDCX's portfolio APIs, which display user balances and transaction histories, becoming jammed and unresponsive. For several hours, many were unable to even see their holdings on the app, adding fuel to rumours and anxiety online. The co-founders later updated that Portfolio APIs have been restored. Affected infrastructure has been completely isolated, and CoinDCX operations continue to run normally, the company said. CERT-In, or the Indian Computer Emergency Response Team, has been informed about the incident. Detailed forensics with two globally reputed security agencies is being carried out, and reports will be shared for public benefit, it added. "CoinDCX services remain fully operational. Trading activity, INR deposits and INR withdrawals continue. INR withdrawals below Rs 5 lakhs will reflect in your account within 5 hours, while withdrawals above Rs 5 lakhs will be processed within 72 hours. The incident was isolated and has no impact on your portfolio access or operations," the company stated. Social media is flooded with mixed reactions. While some praised CoinDCX for absorbing the losses and protecting user funds, others criticised the delay in public disclosure and raised concerns over the broader security of crypto platforms in India. "Coindcx silent for 17 hours? That's more suspense than a thriller! In crypto, transparency isn't optional; it's key. Stay open to keep trust alive!" a user wrote. "Good to see CoinDCX acting responsibly, assuring user funds are safe, and not passing losses onto customers. Sets a positive precedent for Indian crypto exchanges," another said.

For Jharkhand families who lost men working abroad, road to getting compensation is long
For Jharkhand families who lost men working abroad, road to getting compensation is long

Indian Express

time2 hours ago

  • Indian Express

For Jharkhand families who lost men working abroad, road to getting compensation is long

In Bandhkharo village in Jharkhand's Hazaribagh district, Madan Mahto sits on a blue plastic chair by the door, peering into the distance. Every time someone walks by, he starts in anticipation but sits back down, disappointed. Madan is waiting for the remains of his son, Rameshwar Mahto. A lineman working in Kuwait and the only earning member of the family of six, Mahto died of 'cardiac and respiratory arrest' on June 15. For his family, Rameshwar's death has dealt a major blow, with the family now seeking what they see as their 'last resort' – compensation. To push for this, the family had refused to accept the body, relenting only earlier this week. 'My father had worked for the company since 2013,' his son Kishor says. 'But the company is now saying my father's death was a natural death and not an accident. My father worked hard for this company for over a decade, and now they say there will be no compensation.' The family isn't alone. A state with a significant migrant outflow, Jharkhand is increasingly witnessing a growing number of families refusing to accept bodies of migrants dying abroad – all in a struggle to get compensation. Consider this: last year, the body of Hiraman Mahto, who died of natural causes in December, returned to India after over two months. Likewise, the body of Faljit Mahto, who died in Saudi Arabia in March this year under unclear circumstances, came back 40 days later. The body of Santosh Mahto, who died in Malaysia in June last year, returned to India 21 days later. According to migrant rights' activist Sikandar Ali, the problem is compounded by the difficulties in keeping track of blue-collared migrants. 'Such cases are not new in Jharkhand. The government has no record of them until something goes wrong,' he said. 'For families who have lost their sole breadwinners, the fight for compensation often turns into an endless wait just to see the body.' For the families, it's usually a dilemma, where the urge to see a loved one's body return grapples with the need to ensure the family's survival. 'I long to see my son's body but I'm equally troubled by our debt of over Rs 10 lakh,' Rameshwar's mother Dalwa Devi, in her 80s, said. 'People keep barging in every few days to demand repayment of a loan we took.' Jharkhand is a state with a significant migrant outflow – according to a 2023 migration survey by the Jharkhand government, some 45 lakh people from the state migrated to various places for livelihoods. This number includes domestic as well as international migrants. Among those going abroad, migrants from Jharkhand usually head to countries such as Saudi Arabia, Malaysia, Kuwait, Iran, Niger and Mali. Given the number of migrant workers from the state, the Jharkhand government has implemented the Jharkhand Migrant Labourers Survey and Rehabilitation Scheme. Aimed specifically for skilled or semi-skilled workers, the scheme makes provision for death or injury caused in a workplace accident outside of the state. But workers who die of natural causes – such as Rameshwar – are ineligible for such compensation. According to Ali, companies either send scouts to Jharkhand's Hazaribagh and Giridih districts to look for migrant workers, or get them to enlist through WhatsApp. 'Later, interviews are held in big hotels, and candidates are offered better pay than they previously got. However, they are never told about the terms of their contract, social security benefits, or other legal provisions,' he said. According to Rameshwar's oldest son Kishor, a report sent by IMCO, the Kuwait-based company his father worked for, puts the cause of death as 'Cardiac and Respiratory arrest due to severe Cerebral Haemorrhage'. 'Because of that, the company says we don't qualify for compensation,' he said. On its part, the company claims that while natural deaths are not covered under their compensation policy, other benefits are covered. 'Under the Kuwaiti labour laws, if a worker has completed 10 years of service, they are entitled to a severance package, half a month's salary for each of the first five years and full salary for each of the next five. But we require proper paperwork before anything can be processed,' the official said. In some cases, companies finally agree to pay but the road to it is long and gruelling. In the same village, the family of Dhananjay Mahto, a 29-year-old who died of 'failure of dominant neural centres in the brain' in Saudi Arabia on May 24, spoke about how it took 50 days of 'painful negotiations' to get the company he worked for to pay the compensation. Like Rameshwar's family, they too refused to accept the body until the payment was made. 'Although we eventually received Rs 9 lakh from the company and Rs 5 lakh under a state government scheme, the company had initially put us under severe mental stress by denying compensation due to the 'natural death' clause. I told them I had no option left but to commit suicide. That statement finally pressured them,' Dhananjay's older brother Khirodhar says. The family finally received the body on July 13. Shikha Lakra, head of Jharkhand's State Migrant Control Room under the Labour Department, said the state government had approached the Indian Embassy over Rameshwar's case. According to activist Sikandar Ali, the general lack of awareness leaves workers vulnerable to potential exploitation. 'Workers are only focused on earning money and don't pay attention to their contracts. Due to a general lack of legal awareness and understanding of foreign laws, they become vulnerable in cases of exploitation, such as low wages or no compensation to families after death,' Ali said. Shubham Tigga hails from Chhattisgarh and studied journalism at the Asian College of Journalism. He previously reported in Chhattisgarh on Indigenous issues and is deeply interested in covering socio-political, human rights, and environmental issues in mainland and NE India. Presently based in Pune, he reports on civil aviation, other transport sectors, urban mobility, the gig economy, commercial matters, and workers' unions. You can reach out to him on LinkedIn ... Read More

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store