2018 (2) TMI 1983

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....e Applicant. Mr. Mahendhar Aithe, Company Prosecutor for the Official Liquidator present. Mr. Kunal Gaikwad for Sefarers. .... P.C. : This Company Application seeks permission to the Applicant to sell three tugs, of which the Applicant claims to be a registered mortgagee, under Section 51(1) of the Merchant Shipping Act, 1958.  The Respondentcompany being under liquidation, its propert....

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....orts have been prepared by reputed Chartered Engineers, Marine & Offshore Warranty Surveyors, Loss Adjusters  & Valuers.   2 Considering the valuations reports, the offer submitted by M/s  Akil Corporation on 29 December 2017, which is at Exhibit 'H'  to the Company Application herein, appears to be reasonable and worthy of acceptance. 3 Learned Counsel for Seafa....