Section 41

The Court may require any evidence in support of the application as it thinks fit, and may make the order for sale on any terms and conditions it thinks just, or may refuse to make the order and generally may act as it thinks fit.

Every such application shall be made within the period of twenty-eight days beginning with the date of the occurrence of the event on which the transmission had taken place or within such extended period as the Court may allow, but such period shall not exceed one year beginning with the date of the occurrence of that event.

The shares transmitted under subsection (1)

shall be liable to forfeiture if such an application is not made within the time allowed by or under subsection (3) or the Court refuses an order for sale under subsection (2).

Court order on the sale of registered ship.