KARACHI: MT Hakuba Galaxy, a foreign origin vessel arrested by Pakistani authorities in four different Admiralty Suits (Suit 9, 10, 11, 12) filed by Dalda Foods and others was got released by Agha Shahid Law Associates.
As per details, a vessel Atrotos Heracles arrived in Pakistan in 2023 carrying Soya Been seeds. After berthing it was found that 500 Metric Tonnes of soya seeds were short valued at half a million US Dollars. The importers filed proceedings for arrest of vehicle but could not succeed and were direct to filed appropriate proceedings. The said vessel was allowed to sail out an undertaking that guarantees will be furnished by the defendants.
The sister ship MT Hakuba arrived in Pakistan and Plaintiffs knowing about its arrival filed four separate admiralty suits before High Court of Sindh which ordered the arrest of vehicles till bank guarantees corresponding to each suit is submitted.
Four bank guarantees amounting to PKR 33,962,717, 50,581,268, 27,988,906 and 54547141 were submitted by the Defendant ship owner through Agha Shahid advocate assisted by his vigilant and efficient team. The team ensured prompt release of the vessel saving the owner from any loss due to arrest of vessel.
The vessel said out and now suits will be contested by the Defendant side represented by Agha Shahid Law Associates.
As per industry sources, the release of vessel in shortest time is an un-parallel achievement made by a law firm.