The Governor and Company of the Bank of Scotland v. The "Nel", 1998 CanLII 7467

In Maritime Liens, Mortgages & Priorities on (Updated )

This was an application by the Plaintiff mortgagee for payment out of Court of part of the proceeds from the sale of the Defendant vessel. The Prothonotary noted that there has been a practice to pay out, from sale proceeds, funds which are clearly in excess of the amount needed to satisfy the claims against the vessel provided full disclosure …

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