921-CAL-18-2025 1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY NAGPUR BENCH, NAGPUR. COMPANY APPLICATION NO. 18 OF 2025 IN COMPANY PETITION NO. 5 OF 2001 (In the matter of Akola Oil Industries) __________________________________________________________________________ Office Notes, Office Memoranda of Coram, appearances, Court's orders of directions Court's or Judge's orders. and Registrar's Orders. Mr. Shriniwas Deshpande, Counsel for the Official Liquidator with Mr. Deepak Persoya, Official Liquidator. ..... CORAM : ANIL L. PANSARE, J. APRIL 25, 2025 By present application, the Official Liquidator is seeking permission to pay bills of Security Agency. 2] For the reasons set out in the application, the application is allowed, as prayed for. 3] It transpired during the course of argument that there are couple of assets of Akola Oil Industries still to be disposed of. I find no reason why the Official Liquidator has not taken prompt steps to dispose of the properties of Akola Oil Industries, and for that purpose, all other Companies, which are under liquidation, in terms of the provisions of the Companies Act, 1956. 4] The Official Liquidator shall forthwith take effective steps and file report on 2/5/2025 giving details of the properties left to be disposed of, of various Companies under liquidation, and reasons for not taking prompt and effective steps till today. Further failure at the hands of the Official Liquidator will attract 2025:BHC-NAG:4323 921-CAL-18-2025 2 recommendation for action for dereliction in discharging official duties. 5] Stand over to 2/5/2025 for filing report. (JUDGE) Sumit