2018 (3) TMI 1870

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....esa Cheema i/b VERS for the Applicant. 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 S....

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....o tugs, viz. Gal Ross Sea and Gal Beaufort Sea in favour 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....

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....l not disburse any amounts received from the sale of the two tugs viz. Gal Beaufort 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....

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....ses incurred towards advertisement etc. These shall be paid as liquidation expenses. g] The 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 Applicat....