Compensation for sinking of MSC Elsa 3: HC reduces security amount to ₹1,227.62 cr.

This is a modification of its order of July 7 in an admiralty suit filed by the State government, following which its sister vessel MSC Akiteta-2 had been detained at Vizhinjam. The government had claimed ₹9,531 crore as compensation, mainly for the marine and coastal pollution and the loss caused to fishers

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