BHARUCHA
Shipping Development Fund Committee – Appellant
Versus
M. V. Charisma – Respondent
2. The history of this Court's power to entertain suits for realisation of the security in ship mortgage suits in its Admiralty and Vice-Admiralty Jurisdiction may briefly be traced. In the (English) Merchant Shipping Act, 1854, Sections 66 onwards dealt with ship mortgages, Section 71 conferred upon the mortgagee the power to sell the mortgage security without the intervention of the Court. Under the provisions of Section 11 of the (English) Admiralty Courts Act, 1861, the High Court of Admiralty was given jurisdiction over any claim in respect of any mortgage registered according to the provisions of the Merchant Shipping Act, 1854. Under the provisi
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