Orissa high court orders sale of foreign vessel at Paradip port over unpaid ₹8 Crore dues
MV Ya Karim, a bulk carrier registered under a foreign flag, had been at Paradip Port for cargo operations when the dispute arose.
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Winding-Up petition hearing against Shimao Group further adjourned
Shimao Group’s shares closed over 6% higher on Thursday, despite the adjournment of a winding-up petition hearing to December 16. The petition, filed by China Construction Bank (Asia) for HK$1.58 billion in debts, reflects ongoing financial challenges for the property developer and its efforts to address these issues.