The Supreme Court of India issued a ruling in March granting another 90 day stay in the scrapping of Norway/Blue Lady, which will prevent any action on the ship until 11 June. The purpose of the stay is for the various technical, maritime, and pollution control boards to report on whether the ship can be dismantled without creating an asbestos hazard.
http://www.indlawnews.com/2560b92ae843238cc77a96516c4eb7d3According to ssMaritime News, there is still hope, although there are few details and neither of 2 reported groups has come forward with a firm plan. There are reports of private negotiations with the present owners, and as of 30 April, negotiations continue.
http://www.ssmaritime.com/newsupdates.htmPreviously I was certain this was the end, but perhaps there is still a chance for another phase of life for this grand ship.