PETROMARINE PRODUCTS LTD. vs OCEAN MARINE SERVICES CO. LTD. & ANR

The Supreme Court upheld the decision of the Madras High Court regarding the sale of the vessel M.V. Eleni, affirming the legality of the disbursements made from the sale proceeds. The Court noted that the proceedings initiated in the Madras High Court were valid despite the concurrent proceedings in the Bombay High Court, emphasizing the importance of jurisdiction in admiralty matters. The appeal was dismissed, confirming the High Court's order dated 27.11.2003 in OSA No.175 of 1998.