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How cruise business landed Zee's Subhash Chandra in uncharted waters


Shambhavi Thakur
The Zee Group’s audacious diversification into cruise shipping in the form of Jalesh Cruises might have
ended in misfortune, but a new cruise startup has taken birth in Mumbai, drawing “strength” from this recently shut company.
Interestingly, the new undisclosed deal between Zee Group’s Subhash Chandra and US-based billionaire hotelier Sant Singh Chatwal did not involve the company’s only visible asset: a 20-year-old cruise ship called
Karnika.
The ship, named after a mythological
apsara known for her beauty and allure, was caught in a whirlwind of arrests and controversies over nonpayment of crew salaries and dues to vendors and the port. As it began its final voyage to a scrapyard in Gujarat’s Alang in November 2020, the Zee Group sold the brand name under which the ship was operated – Jalesh Cruises – to Cordelia Cruises, the company newly set up by Chatwal. ....

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Hope Of Rescuing Viraat Fades, Nearly Impossible Terms For Transfer – Indian Defence Research Wing

Hope Of Rescuing Viraat Fades, Nearly Impossible Terms For Transfer – Indian Defence Research Wing
idrw.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from idrw.org Daily Mail and Mail on Sunday newspapers.

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Hope To Rescue INS Viraat Fades, Nearly Impossible Terms Listed For Transfer


INS Viraat during the 2007 Malabar Naval wargames with the US Navy.
New Delhi:
The Gujarat-based company which intends to break-up the former Navy carrier Viraat for scrap continues to offer a sliver of hope for a rescue plan that involves its transfer to Envitech Marine Consultants Private Limited which intends to convert the warship into a maritime museum.
However, the terms now being offered make it almost impossible for this plan to be realised.
If there is a [government sanctioned] No Objection Certificate and they [Envitech] send full payment in one shot, then it is possible, Mukesh Patel, the Chairman of Alang-based Shree Ram ship-breakers told NDTV. That payment is expected to be at least Rs.110 crore. Earlier reports indicate that Shree Ram procured the warship from the government-run Metal Scrap Trade Corporation Limited (MSTC) through an e-auction for Rs.38 crores. ....

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