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Court Grants Provisional Release of Seized Vessel MT Global Rani; Requires Bond and Bank Guarantee Deposit.
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....Mis-declaration of the country of origin - Provisional release of the vessel - Even from a perusal of the impugned seizure memorandum it is seen that the officer seizing the vessel had recorded that it was not practicable to physically takeover custody of the vessel. Therefore, custody of the vessel has been handed over to the master of the vessel with the condition that he shall not remove, part with or otherwise deal with the vessel except with the permission of the Special Intelligence and Investigation Branch. - provisional release of the vessel MT Global Rani granted subject to furnishing of Bond equal to the value of vessel and further deposit of bank guarantee - HC....