Section 46
Transfer of ship on sale by order of court.
The Merchant Shipping Act, 1958
About this Act
An Act to foster the development and ensure the efficient maintenance of an Indian mercantile marine in a manner best suited to serve the national interests and for that purpose to establish a National Shipping Board to provide for the registration, certification, safety and security of Indian ships and generally to amend and consolidate the law relating to merchant shipping.
Where any court, whether under section 45 or
otherwise, orders the sale of any ship or share therein, the order of the court shall contain a declaration
vesting in some person named by the court the right to transfer that ship or share, and that person shall
thereupon be entitled to transfer the ship or share in the same manner and to the same extent as if he
were the registered owner thereof; and every registrar shall obey the requisition of the person so
named in respect of any such transfer to the same extent as if such person were the registered owner.