IN THE FEDERAL COURT OF AUSTRALIA

IN ADMIRALTY

NEW SOUTH WALES DISTRICT REGISTRY

general division

NSD 1670 of 2008

BETWEEN:

BELUGA SHIPPING GMBH & CO. KS “BELUGA FANTASTIC

Plaintiff

AND:

SUZLON ENERGY LTD

First Second Cross-Claimant

SUZLON ENERGY AUSTRALIA PTY LTD

Second Second Cross-Claimant

SUZLON INFRASTRUCTURE LIMITED

Third Second Cross-Claimant

SUZLON WIND ENERGY CORPORATION, USA

Fourth Second Cross-Claimant

SUZLON STRUCTURES PTE LTD

Fifth Second Cross-Claimant

SE SHIPPING PTE LIMITED

Sixth Second Cross-Claimant

SANJEEV BANGAD

Third Second Cross-Defendant

SS OCEANWIND PTY LIMITED

Fifth Second Cross-Defendant

GENUS SHIPPING SERVICES PVT LIMITED

Sixth Second Cross-Defendant

RAJAGOPALAN SRIDHAR

Seventh Second Cross-Defendant

BLUEWIND ENTERPRISES (UK) LTD

Eighth Second Cross-Defendant

SUNSHINE TRADE SERVICES LIMITED

Ninth Second Cross-Defendant

S RAAM KUMAR

Tenth Second Cross-Defendant

BIP HOLDINGS LIMITED (BC# 1419807)

Eleventh Second Cross-Defendant

MANNING LIMITED (BAHAMAS COMPANY NO. 156337)

Twelfth Second Cross-Defendant)

JUDGE:

RARES J

DATE OF ORDER:

15 DECEMBER 2009

WHERE MADE:

SYDNEY

I certify that the preceding two (2) numbered paragraphs are a true copy of the Reasons for Judgment herein of the Honourable Justice Rares.