A division bench of Justices Nitin Jamdar and Milind Jadhav was hearing a petition filed by Mumbai-based Envitech Marine Consultants Pvt Ltd.
The warship, inducted into the Indian Navy in 1987 and decommissioned in 2017, was bought by Shree Ram Group, an Alang-based ship-breaker, for Rs 38.54 crore.
Shree Ram Group, the owner of the warship, on Monday said it was willing to wait for three more days to enable the firm, Envitech Marine Consultants Pvt Ltd, to obtain a NOC from the Centre.
An official of the company said it has reached an understanding with the Shree Ram Group which bought the iconic warship for Rs 38.54 crore in an auction.
The Navy's pride has groomed 40 flag officers including five Chief of Naval Staffs.
The aircraft carrier began its final journey from the Naval Dockyard in Mumbai on Saturday and reached the waters at Alang in Bhavnagar district on Monday evening.
As Viraat began its final journey from the Naval dockyard, a Navy helicopter circling overhead provided a majestic backdrop to the vessel's last voyage.
According to an Indian Navy statement here, the historic carrier was supposed to leave for Alang on Friday, but its departure has been delayed by a day.
INS Viraat, inducted into the Indian Navy in 1987, will be scrapped at the country's first certified eco-friendly ship recycling yard in nine to 12 months.
The intense period political love story will see her playing the role of Comrade Bharatakka, a Naxalite leader
As of now, the Andhra Pradesh government has formally evinced interest in such a project.
INS Viraat, the second aircraft carrier in the Indian naval fleet, will be decommissioned on March 6, Vice Admiral Girish Luthra said.