Veep to inaugurate Conference on ‘Co-operative Federalism and Law Reforms' (See 'Corp Brief') A&C - Arbitrator has wide discretion u/s 31(7) of Arbitration Act to award pre-reference, pendente lite, and post-award interest at such rate as it deems reasonable: HC (See 'Legal Desk') Chouhan to launch 'Khet Bachao Abhiyan - Rabi 2026' today (See 'Corp Brief') IBC - Right to withdraw CIRP application u/s 12A is governed by provisions in force on date when complete Form FA is submitted to IRP: NCLT (See 'Legal Desk') CSIR-NIScPR successfully concludes Two-Week Skill Training Programme on Library Automation (See 'Corp Brief') India, Saudi Arabia discuss bilateral Electrical Interconnection Initiative (See 'Corp Brief') DRI seizes 13 kg foreign-origin gold worth around Rs. 19.41 crore (See 'Corp Brief') PMLA - Statutory twin conditions under Section 45 of the Act can override the fundamental constitutional safeguards of personal liberty under Article 21 of the Constitution: SC (See 'Legal Desk') Saturation Campaign of Financial Inclusion to cover 2.7 Lakh Gram Panchayats and ULBs (See 'Corp Brief') DRI seizes 7 kg amphetamine and 3kg cocaine (See 'Corp Brief') IBC - Mere reason that some facts may have already been into existence but continue to exist would not mean that the application u/s 9 becomes retrospective: HC (See 'Legal Desk') Uttarakhand becomes first State to export Trout to Nepal (See 'Corp Brief') BIS organises Interactive Sessions to promote AYUSH with Quality Standards (See 'Corp Brief') PMLA - In absence of money trail connecting attached properties with proceeds of crime, subject properties cannot be attached merely as properties of equivalent value: Tribunal (See 'Legal Desk') Clarification on Legislative Developments concerning Govt's stake in IDBI (See 'Corp Brief') SEBI - The fact that criminal proceedings were subsequently initiated against appellants does not confer sanction under Section 15T of the SEBI Act to reopen a penalty order which attained finality: SAT (See 'Legal Desk') Efforts underway to develop one lakh young leaders: Mandaviya (See 'Corp Brief') IITM hosts consultation on Climate Science into Services for India Forum (See 'Corp Brief') IPR - Continued use of mark after express acknowledgment of proprietor's rights and undertaking to cease such use is strong indicator of dishonest intention and constitutes infringement: HC (See 'Legal Desk') IBC - Successful Resolution Applicant is entitled to pursue dues of Corporate Debtor against its debtors in arbitration even after conclusion of CIRP: SC (See 'Legal Desk') IBC - Express forfeiture clause in e-auction notice binds bidder despite absence of express forfeiture stipulation in Schedule I of Liquidation Process Regulations, 2016: SC (See 'Legal Desk') An unsuccessful 'success fee' litigation (See CORP EINSICHT)

India leads Global Maritime Discourse at IMO Council Session in London

Published: Jul 11, 2024

By TIOLCorplaws News Service

NEW DELHI, JULY 11, 2024: THE A high-level Indian delegation, led by T.K. Ramachandaran, Secretary, Ministry of Ports, Shipping and Waterways, is participating in the 132nd session of the Council of the International Maritime Organization (IMO) in London. India, an elected member of the IMO Council in the category of countries with the largest interest in international seaborne trade, emphasized the urgent issue of seafarer abandonment. The delegation pointed out that despite efforts, there are currently 44 active cases involving 292 Indian seafarers. India's strong stance on the need for effective measures and oversight to resolve such issues was well received.

In recognition of its continued commitment to addressing seafarers' issues, India secured its position as one of the eight governments representing IMO in the Joint Tripartite Working Group. This group is dedicated to identifying and tackling seafarers' issues and the human element in maritime operations. Other proposed members include the Philippines, Thailand, Liberia, Panama, Greece, the US, and France.

T.K. Ramachandaran stated, "India remains deeply committed to addressing the issue of seafarer abandonment and ensuring the safety and welfare of our maritime workforce. India's participation in the IMO Council session underscores dedication to international maritime cooperation and innovation. The establishment of the South Asian Centre of Excellence for Sustainable Maritime Transport is a testament to India's leadership in promoting environmentally sustainable and technologically advanced maritime practices. We look forward to collaborating with global partners to drive positive change in the maritime sector."

The Indian delegation also addressed concerns over disruptions in the Red Sea, Gulf of Aden, and adjoining areas, which have been impacting shipping and trade logistics. Highlighting India's commitment to maritime safety and security, the delegation cited two significant incidents where the Indian Navy successfully intervened. These included the rescue of a Marshall Island-flagged crude oil carrier, MV Marlyn Luanda, and the interception of the vessel MV Ruen off the coast of Somalia, ensuring the safety of crew members and handling piracy threats effectively.

Furthermore, India reiterated its proposal for the South Asian Centre of Excellence for Sustainable Maritime Transport (SACE-SMarT). This regional hub aims to transform the maritime sector in India and South Asia into a technologically advanced, environmentally sustainable, and digitally proficient industry. The centre will focus on reducing greenhouse gas emissions, fostering technical cooperation, capacity-building, and digital transition. India's leadership in evolving the SACE-SMarT in collaboration with the IMO's global Maritime Technology Cooperation Centres (MTCCs) was highlighted as a significant step towards sustainable maritime development.

The 132nd session of the IMO Council, which commenced on July 8, 2024, will continue until July 12, 2024, addressing various critical issues and proposals for the future of global maritime operations.

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