QUEENS BENCH DIVISION
COMMERCIAL COURT
Strand |
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B e f o r e :
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CASTLETON COMMODITIES SHIPPING | ||
COMPANY PTE LIMITED | Claimant/Respondent | |
- v - | ||
SILVER ROCK INVESTMENTS | Defendant/Appellant |
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(Official Shorthand Writers to the Court)
The Defendant did not appear and was not represented
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Crown Copyright ©
HHJ WAKSMAN QC:
"2. The gross proceeds of sale shall be held by Holman Fenwick Willan LLP to the order of the Court pending further order and without prejudice to the rights of any parties.
3. The Claimant shall be entitled to make an application to recover its reasonable expenses of sale from the sum referred to in paragraph 2 above...
8. Any party claiming an entitlement to the proceeds of sale may at any time apply to the Court for the determination of priorities and/or for the payment out of the proceeds of sale; save that:
(1) The sale proceeds held by Holman Fenwick Willan LLP pursuant to paragraph 2 above and any interest thereon shall be treated as if subject to the same rights (if any) as the Claimant had in respect of the goods prior to their sale."