Login

Lost your password?
Don't have an account? Sign Up

No dispute with SCI claims shortlisted bidder Safesea Group

Share This News Story:

NEW JERSEY : US-based Safesea Group, considered one of three shortlisted bidders for SCI, has rubbished experiences in sure sections of the media claiming it has a authorized dispute with the corporate that it’s trying to purchase.

Mr. S.V. Anchan, Chairman, Safesea Group

“There are deceptive experiences within the media speculating that now we have a dispute with Shipping Corporation of India. SCI owes us freight and different fees for his or her shipments carried by us. Though the excellent quantity which is overdue for a number of years has been acknowledged and confirmed by SCI it has not been paid regardless of repeated assurances from their finish. We have been a service supplier to SCI for his or her break bulk and different necessary shipments for a few years now and proceed to offer our companies even now. So the place is the query of a dispute?”, Mr. S V Anchan, Chairman, Safesea Group advised ET.

Safesea Group has submitted an expression of curiosity for SCI. Mr. Anchan confirmed that his firm had obtained intimation that it has been shortlisted to maneuver ahead within the bidding course of.

The preliminary data memorandum ( PIM) doc of SCI has clauses for disqualification of bidders or events (IP). One of the standards for disqualification amongst others is “initiation or existence of any legal proceedings by or against the IP or any consortium member and its/their respective subsidiary thereof and parent by or against Shipping Corporation of India Limited or its directors in capacity as directors of Shipping Corporation of India Limited, which proceeding may be prejudiced by the participation of IP in the selection process”.

Mr. Anchan claimed his firm’s demand of an impressive quantity from SCI which is undisputed can’t be deemed to prejudice his firm’s participation within the choice course of.

He additionally claimed that if his firm have been in a authorized dispute with SCI which deserves disqualification, representatives of the corporate’s staff wouldn’t have contacted him for financing the workers’ bid within the disinvestment course of.

Apart from Safesea Group , the two different shortlisted bidders for SCI are a consortium led by NRI-businessman Ravi Mehrotra and Hyderabad-based Megha Engineering.

Source : The Economic Times

close

Receive our Latest Newsletters by Email

We’d love to keep you updated with our daily latest news stories.

We don’t spam! Your Privacy is Our Policy.

Share This News Story: