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Updates

| Updated on October 27, 2016 Published on October 27, 2016

With reference to the earlier letter dated July 01, 2016 intimating about the order of the Hon’ble Bombay High Court dated June 29, 2016 for issuing Public Notice for sale of six vessels, through the office of Dy. Sheriff of Mumbai, for settlement of outstanding dues of DVB Group Merchant Bank (Asia) Limited (“DVB”), at the time of concluding sale, in an Admiralty suit bearing no. 41 of 2015.

GOL Offshore Ltd has now informed BSE that the Hon’ble Bombay High Court vide its orders dated October 25, 2016 (received by the Company on October 27, 2016) has ordered for sale of five vessels namely Malaviya Twenty Three, Malaviya Twenty Four, Malaviya Twenty Five, Malaviya Twenty Seven and Malaviya Twenty Eight, to DVB on October 24, 2016. DVB will take over these vessels on November 4, 2016. Sale of remaining sixth vessel i.e. Malaviya Nine, has not yet been confirmed. Copies of the orders dated October 25, 2016 are enclosed hereto.

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Source : BSE - >www.bseindia.com

Published on October 27, 2016
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