Indian offshore shipowner Seamec is taking legal action to recover money owed by troubled Singapore rival Swiber.
It said receivables total INR 1.36bn ($20.58m) from Swiber Offshore India (SOI) and Swiber Offshore Construction, relating to contracts awarded by Indian oil and gas company ONGC.
Seamec has filed a winding up notice in the Mumbai high court against SOI.
It said Singapore court proceedings have indicated a potential return of only 8% on unsecured receivables.
Swiber
