M.V. Umang & Ors vs Kamla Kant Dube(Dead) Thr. Lrs. & Anr

The Supreme Court disposed of the appeal regarding jurisdiction in an Admiralty Suit, as the parties reached a settlement through mediation, agreeing on a payment of Rs.11,20,000 to the respondent. The Court noted that the issue of territorial jurisdiction raised by the appellants was rendered moot by the settlement and left open for future consideration. Consequently, the bank guarantee of Rs.45,00,000 was ordered to be discharged and returned to the appellants.