Maintain status quo on INS Vikrant: Supreme Court

The Supreme court has ordered maintenance of status quo on India’s first aircraft carrier INS Vikrant, which is on the brink of being converted into scrap. The court has issued notices to Ministry of Defence and other authorities concerned on the petition. The petition challenges the Bombay High Court decision which quashed the plea to preserve INS Vikrant by converting it into a maritime museum. The Indian Navy in March 2014 had auctioned INS Vikrant to the highest bidder, a Mumbai-based Ship breaking company — IB Commercial — for Rs 63 crore, much above its reserve bid of Rs 3 crore. As per the deal, the ship will be dismantled part-by-part and will be sold as lucrative scrap.
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Month: Current Affairs - May, 2014