1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION NOTICE OF MOTION NO.1728 OF 2009 IN ADMIRALTY SUIT NO.13 OF 2007 Bank of Beirut (UK) Ltd. .. Plaintiff Versus m.v.SAN GIORGIO 1 and Ors. .. Defendants WITH ADMIRALTY SUIT NO.18 OF 2007 Olam International Ltd. .. Plaintiff Versus m.v.SAN GIORGIO 1 and Ors. .. Defendants Mr.A.M.Kazi, Dy.Sheriff of Mumbai present. Mr.V.K.Ramabhadran for intervenor Mr.Abhimanyu Singh i/b. V.Subramanian for plaintiff in ADMS 18/07 Ms.Aarti Shah i/b. Mulla & Mulla for plaintiff in ADMS 13/07 CORAM : S.C.DHARMADHIKARI, J. DATE : November 19, 2009. P.C.: ON SHERIFF’S REPORT 1] This matter was placed today for directions pursuant to the valuation report submitted to the Sheriff of Mumbai. 2 2] Both sides are agreeable that the sale be conducted and the valuation now determined of the vessel should be as per the survey report. Accordingly, the reserve bid is determined as U.S.$ 13,76,100/-, Rupee equivalent of which is also mentioned in the valuation report. 3] Let the Valuer be paid his fees as per the bills submitted to the Sheriff by the valuer. 4] It is then contended that the Court had earlier issued directions as to how the sale should be conducted. My attention is invited to an order passed by this Court in the above notice of motion. 5] All parties are agreeable that the Sheriff of Mumbai can conduct the sale by public auction. The Sheriff to determine the date and time of public auction. The Sheriff to take necessary steps, including issuance of advertisements so that the sale is given wide publicity. The Auction bids can be submitted both in U.S.Dollars and Indian Rupees. The Sheriff has opened a separate bank account. Let the Sheriff deposit the sums received by the bidders, therein as per the applicable guidelines. 3 6] The Deputy Sheriff who is present in Court states that the entire process will be completed within a period of six weeks from today. Accordingly, the Sheriff to conduct the sale/ auction within six weeks from today and submit his report to the Court. No further directions are necessary at this stage. Report is disposed of. (S.C.DHARMADHIKARI, J)