Justice SJ Kathawalla of Bombay High Court, in an order of 9 May, fixed a 3 June date to sell the 74,000-dwt Garv Prem (built 2006).

Court documents show the decision was taken after three of the ship’s creditors — Hong Kong-based Madison Pacific Trust Ltd, International Bunker Services Ltd and Jotun India Pvt Ltd — filed separate lawsuits earlier this year.

TradeWinds