9911796707
TMI Blog2018 (3) TMI 1870X X X X Extracts X X X X X X X X Extracts X X X X ..... ant. Mr.Sanjiv Punalekar, for Purchaser. Mr.Kunal Gaikwad, for Seafarers. Mr.Mahendhar Aithe,Company Prosecutor from the office of the Official Liquidator. .... P.C. : The Company Application sought sale of three tugs, viz. Gal Beaufort Sea, Gal Ross Sea and Sangita, in respect of which the Applicant is said to be entitled to exercise rights under Section 51 of the Merchant Shipping Act, 195 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Bansal Ship Breakers is confirmed. The Sale Certificate in respect of the two tugs viz. Gal Ross Sea and Gal Beaufort Sea be issued by the Official Liquidator in favour of Bansal Ship Breakers forthwith to enable Bansal Ship Breakers to take custody of the two tugs viz. Gal Ross Sea and Gal Beaufort Seal with effect from 1 March 2018. The sale certificate shall mention that the sale is free fr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Sea and Gal Ross Sea without appropriate orders from this Court. In the event any orders for disbursement/utilization of the said amounts are proposed to be sought in the above Company Application or in any Official Liquidator Report by the Official Liquidator, the Official Liquidator shall give prior notice to the Applicant or the Advocates for the Applicant; f] All charges payable for the vess ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he charges receivable by the port authorities shall berecovered from the Official Liquidator. The port authorities shall not hold up delivery of the vessel to the purchaser for nonpayment of these charges. h] The third vessel, namely, Sangita, which is the part of the present Company Application also needs to be sold. The Applicant has prepared a valuation report in respect of this vessel from t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted as liquidation expenses and disbursed to the Applicant from out of the sale proceeds of the vessel. i] The parties agree that a sum of Rs. 3,00,000/ (Rs.Three Lac) shall be retained by the Official Liquidator towards legal expenses from out of the sale proceeds. 5. Certified copy expedited. 6. All parties to act on the copy of this order authenticated by the Associate of this Court. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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