Balaji Malts Withdraws Suit, USD 650k Returned

Authority: High Court of Gujarat at Ahmedabad

Order Date: 17 September 2026

Case Overview

• Parties: Plaintiff Balaji Malts Private Limited; Defendant vessel M.V. Panamax Christina (IMO No. 9510319) represented by its P&I Club, United Kingdom Mutual Steam Ship Assurance Association Limited.
• The plaintiff filed a purshish on 17 September 2026 seeking unconditional withdrawal of the suit and return of security.
• No effective hearing was held; the court considered the purshish and submissions of counsel for both parties.
• Security amount: USD 650,000 deposited by the defendant’s P&I Club, with accrued interest.

Final Outcome

• The suit is disposed of as unconditionally withdrawn.
• Registry directed to return the USD 650,000 security plus accrued interest to the defendant’s P&I Club via the specified Citibank Europe NL account (account name UK NV, SWIFT CITINL2X, address: WTC Building, Tower D, Floor 8, Schiphol, Boulevard 257, Netherlands).
• Court fees to be refunded to plaintiff’s advocate, Mr. Darshankumar Kabra.
• The related civil application for direction is also disposed of.

Topics: Admiralty Litigation, Security Refund, Court Withdrawal