Vallianz Holdings facing law suitsCompany News // December 5, 2016
Singapore-based Vallianz Holdings is facing two law suits.
The company has been notified by Indian solicitors appointed by one Kishore Khanna and two other individuals of a suit commenced against Swiber Offshore (India) Pte Ltd, Oil and Natural Gas Corporation (ONGC) as well as two of the company’s wholly-owned subsidiaries, Offshore Engineering Resources Pte Ltd (OER) and Vallianz Offshore Marine Pte Ltd (VOM) in the Bombay High Court. The company was notified of the suit by way of emails containing what appears to be draft court papers which were unsigned and unsealed by the Indian courts. Vallianz said the suit appears to be in relation to a project between SOI and ONGC, and to which SOI had engaged VOM and OER for the provision of certain services.
The company has also announced that it has been notified that VOM and Holmen Arctic Pte Ltd, an indirect subsidiary of the company, have been named as defendants alongside Swiber Offshore Construction Pte Ltd (SOC) and Newcruz Offshore Marine Pte Ltd (NOM) to a suit commenced by one PT ASL Shipyard Indonesia.
The claimant has brought claims for payment by VOM, Holmen, SOC and NOM of unpaid invoices issued pursuant to certain purchase orders totalling a sum of approximately S$1.9 million; and other interests, fees and damages totalling a sum of approximately S$6.8 million. Vallianz said the claims appear to be in relation to the maintenance and repair works provided to the vessel Holmen Arctic.