PSA International has won a temporary reprieve from the Indian Supreme Court against a terminal contract termination notice issued by the Tuticorin port authority, also known as V.O. Chidambaranar (VOC), near Chennai, India.
PSA-Sical Terminals, which began operations in 1998, has been mired in a protracted legal battle over royalty obligations towards VOC.
The stay order, restraining VOC from proceeding with any action against PSA-Sical, would remain in force until the matter is finally decided...