PSA-Sical gets apex court relief in Royalty dispute with VOC Port

Supreme Court orders shipping ministry and Chidambaranar Port Trust to maintain status quo, restrains port authorities from taking any action against the firm

Granting major relief to PSA-Sical Terminals Ltd, which operates a cargo terminal at the VO Chidambaranar Port in Thoothukudi, the Supreme Court on Friday ordered the Ministry of Shipping and the Chidambaranar Port Trust to maintain the status quo, restraining the Port Authority from initiating any action against the firm.

Early this month, a division bench of the Madras High Court had dismissed an appeal by the company seeking relief on a single bench order to settle the dispute over royalty payments. PSA-Sical, a joint venture between Port of Singapore Authority and Sical Logistics, has been embroiled