TMI Blog2018 (3) TMI 1871X X X X Extracts X X X X X X X X Extracts X X X X ..... in accordance with the applicable law of priority of claims. The charges receivable by the port authorities in respect of the vessel shall be recovered from the Official Liquidator. The Port authorities shall not hold up the delivery of the vessel to the purchaser for non payment of these charges - Application disposed off. - Company Application (L) No.19 Of 2018 In Company Petition No.756 Of 2014 - - - Dated:- 28-3-2018 - S.C.Gupte, J. Mr. Zubin Behramkamdin a/w. Mr. Charles De Souza a/w Mr. Aneesa Cheema I/b Verus for the Applicant. Mr. Mahendhar Aithe, Company Prosecutor for Official Liquidator present. Mr. Rajiv Agarwal, Director of Tirupati Vessels Pvt. Ltd. Mr. Surendra R. Mishra, Direcotr for Vedant Ship Ma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dy tilted substantially and the manning agency is even refusing to send its personnel on board the vessel. In the premises, it is imperative that the sale is accomplished as expeditiously as possible. Accordingly and considering that none of the stake holders present in the Court has any objection to completing the sale today as noted above, this court is of the view that no fruitful purpose may be served by re advertising the sale of the vessel. In fact it is quite likely that even the value offered today may not be received, if the matter is delayed any further. In the premises, the offer of M/s Vedant Ship Management is accepted. 3. Accordingly, the sale of the vessel MT Sangita is confirmed in favour of M/s Vedant Ship Management ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or from out of the sale proceeds. These shall be paid as liquidation expenses. Notice of any claim/s against the sale proceeds of the vessel shall be given by the Official Liquidator to the Applicant herein. 5. The charges receivable by the port authorities in respect of the vessel shall be recovered from the Official Liquidator. The Port authorities shall not hold up the delivery of the vessel to the purchaser for non payment of these charges. 6. Certified copy is expedited. All parties to act in the meantime on a copy of this order duly authenticated by the associate of the Court. 7. The company application is disposed of. All rights and contentions of the parties concerning the right to the sale proceeds are kept open. The ..... X X X X Extracts X X X X X X X X Extracts X X X X
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