https://www.taxtmi.com/caselaws?id=293916 The court ruled in favor of the defendant, ordering the return of the security deposit with interest. It was held that the vessels were not sister ships as they were owned by different legal entities, and the corporate veil could not be pierced without sufficient allegations of fraud. The plaintiff's failure to commence arbitration as undertaken and lack of evidence to support the alter-ego theory led to the dismissal of their claims. The defendant was entitled to the return of the security deposit, and the plaintiff was directed to pay costs. en-us Fri, 21 Feb 2014 00:00:00 +0530 Tue, 09 Mar 2021 08:45:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293916 The court ruled in favor of the defendant, ordering the return of the security deposit with interest. It was held that the vessels were not sister ships as they were owned by different legal entities, and the corporate veil could not be pierced without sufficient allegations of fraud. The plaintiff's failure to commence arbitration as undertaken and lack of evidence to support the alter-ego theory led to the dismissal of their claims. The defendant was entitled to the return of the security deposit, and the plaintiff was directed to pay costs. Case-Laws Indian Laws Fri, 21 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293916