Friday, 6 July 2012

HC’s interim stay on rate cuts at JN port terminals


Whenever terminals sought some increase in rate, the Tariff Authority for Major Ports (TAMP) reduced the rate.  When Gateway Terminals approached the authority for an increase in February,  TAMP ordered a rate cut of 44.3% ; and, when Nhava Sheva International Container Terminal Private Limited sought permission for an increase in the rate, TAMP notified a rate cut of 27.9%. The Terminals first approached the Delhi High Court which could not hear their appeal since the terminals were not located in Delhi but in Mumbai. The terminals, therefore, filed a petition in Mumbai High Court seeking stay on the order of rate deductions. Mr. Dinesh Lal, Chairman of Gateway Terminals India Private Limited, said: “We have got an ad-interim stay from the Mumbai High Court on Monday. The ad-interim stay means that we can bill customers on old tariffs till the matter is decided by the court.





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