The possibility of SCI walking away withnothing from the defunct Irano Hind Shipping Co (IHSC) has arisen becauseIranian regulations do not permit a division of assets.
"Decision has been taken butmodalities are being worked out," SCI chairman and managing director AK Gupta told the Cogencisagency.
The tanker and bulker venture is registeredin Iran and subject to its laws.
"So, the splitting of assets that wewere talking...
