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While dealing with a commercial admiralty suit via video conferencing, in which the parties had amicably settled their dispute, the Bombay High Court has allowed the release of an arrested offshore supply vessel.
A single Judge bench of Justice AK Menon noted that Advocates of both parties had sent in their "Consent Terms", which was signed by both the plaintiff and the defendant.
In view of the same, the Court has passed an order recording the Consent terms and vacating orders to arrest the vessel, provided there are not pending caveats and subject to the payment of all costs, charges and expenses to the Sheriff of Bombay.
The Court further directed the Sheriff of Bombay to act on the order and the settlement between the two parties in the consent minutes.