https://www.taxtmi.com/caselaws?id=288165 A settlement will not amount to novation under Section 62 of the Indian Contract Act if it merely provides a mechanism to secure payment while preserving the original obligation; the underlying debt remains enforceable. Section 63 permits acceptance of a different mode of satisfaction without extinguishing the original bargain. A claim for necessaries supplied to a vessel is a maritime claim, but it does not create a maritime lien under Indian admiralty law. For arrest of a vessel, ownership is assessed on the date of arrest, not merely the date of institution of proceedings, and the claim may be enforced against the vessel if that ownership defence fails. en-us Thu, 14 Sep 2017 00:00:00 +0530 Fri, 04 Jul 2025 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288165 A settlement will not amount to novation under Section 62 of the Indian Contract Act if it merely provides a mechanism to secure payment while preserving the original obligation; the underlying debt remains enforceable. Section 63 permits acceptance of a different mode of satisfaction without extinguishing the original bargain. A claim for necessaries supplied to a vessel is a maritime claim, but it does not create a maritime lien under Indian admiralty law. For arrest of a vessel, ownership is assessed on the date of arrest, not merely the date of institution of proceedings, and the claim may be enforced against the vessel if that ownership defence fails. Case-Laws Indian Laws Thu, 14 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288165