Pradhan Mantri Mudra Yojana completes 11 Years of empowering Small and Micro Entrepreneurs (See 'Corp Brief') International Conference on Spacecraft Mission Operations being held in Bengaluru (See 'Corp Brief') IPR - Prior user of trademark has superior rights over subsequent user who holds registration for same or similar mark: HC See 'Legal Desk') Sirsa to review status of saline water Aquaculture cluster notified under PMMSY (See 'Corp Brief') TRAI releases paper on Satellite Communication Network Authorisation (See 'Corp Brief') Union Minister of Power to embark on 4-Day Visit to Bhutan (See 'Corp Brief') Benami Act - If no loan was repaid in actual, and just funds have been rotated among same group of parties, thereby establishing benami transaction, provisional attachment is justified: SAFEMA See 'Legal Desk') CCI nod for acquisition of shares by Coastal Cedar Investments in Fleur Hotels (See 'Corp Brief') CCI approves acquisition of equity of KNR SPVs by Indus Infra Trust (See 'Corp Brief') CCI approves acquisition by Citrus Investment LLC of shares in Hitachi Construction Machinery (See 'Corp Brief') CCI okays acquisition of equity shares of Aditya Birla Housing Finance Ltd. by Indriya Ltd. (See 'Corp Brief') Company Law - Sourcing pre-condition deposit unlawfully from corporate funds in direct violation of Sec 185, or executing settlement agreements without effectuating actual refunds or delivering legally valid & habitable possession, is illegal: SC (See 'Legal Desk') CCI approves acquisition of equity in Nabha Power by Torrent Power Ltd. (See 'Corp Brief') Prototype Fast Breeder Reactor at Kalpakkam attains First Criticality (See 'Corp Brief') Policy for Transit Oriented Development for providing affordable housing in Delhi (See 'Corp Brief') PMLA - Initiating proceedings under PMLA for continuing possession or use of proceeds of crime acquired prior to enactment of PMLA does not violate Article 20(1) of Constitution: HC (See 'Legal Desk') Ministry of Mines notifies Amendment in Rules for Faster Operationalisation of Mines (See 'Corp Brief') Govt to curb Distress Sale in APT Crops; Value Addition to boost Farmers' Income (See 'Corp Brief') Navi Mumbai turning Textile Waste into Opportunity for People (See 'Corp Brief') TRAI releases Paper on 'Formulation of Regulatory Framework for ALTD Services (See 'Corp Brief') IPR - Minor alteration to well-established trademark, such as changing single letter, does not render new mark dissimilar, especially when it remains phonetically and visually close to original: HC (See 'Legal Desk') GeM achieves Rs 18.4 Lakh Crore GMV, Emerges as Key Digital Public Procurement Platform (See 'Corp Brief') Benami Act - Burden of proof of benami transaction rests strictly upon person asserting it, and reliance solely on uncorroborated statements of third parties recorded in unrelated Income Tax proceedings, is insufficient: SAFEMA (See 'Legal Desk') Union Minister to inaugurate NCVET Capacity Building (See 'Corp Brief') FEMA - Continuing adjudication u/s 16 of FEMA despite competent authority's refusal to confirm seizure u/s 37A of FEMA, is contrary to law: SC (See 'Legal Desk') Minister calls for stronger research-industry linkages to scale food innovation sector (See 'Corp Brief') A&C Act - Doctrine of 'transnational issue estoppel' applies to enforcement proceedings u/s 48 of Arbitration Act, barring enforcement court from undertaking merits-based review: SC (See 'Legal Desk') MoS backs scaling up indigenous Insulin production amid global supply concerns (See 'Corp Brief') A&C - Mere existence of document, despite it containing arbitration clause, would not qualify as arbitration agreement, unless it is signed by parties seeking to invoke clause as also party against whom enforcement is sought: HC (See 'Legal Desk') New Sainik School reflects Centre's Vision for Nation-Building through Education (See 'Corp Brief') A&C - Agreement to sell being unregistered and unstamped as per Registration Act, Transfer of Property Act, and Indian Stamps Act, cannot be enforced: HC (See 'Legal Desk') Supreme Court Clears Path For Single Insolvency Proceedings Against Linked Group Companies (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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