A company that hauled $43 million in silver bars from the 'Indian Titanic' wasn't even given a salvage fee by a court

• A salvage company has lost a legal battle with South Africa over $43 million in shipwrecked silver.
• The company claimed it was due a salvage fee from the country for hauling up the treasure.
• The case highlights the complex legal wranglings that surround shipwrecks and salvage rights.

A company that hauled 2,364 silver bars from a shipwreck on the ocean floor has lost a legal case with the South African government over the treasure.

A UK Supreme Court judgment, seen by Business Insider, ruled that salvage company Argentum Exploration doesn't have a salvage fee claim for recovering $43 million of silver from the wreck of the SS Tilawa.

Argentum Exploration is majority-owned by British hedge fund manager Paul Marshall.