In The Matter Of M/S Akola Oil Industries Ltd., Akola v. None

2504cao792.16.odt

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

NAGPUR BENCH, NAGPUR Company Application (O) No.792 of 2016 In Official Liquidator Report No.4 of 2016 In Company Petition No.5 of 2001 [In the matter of Companies Act, 1956 And In the matter of M/s. Akola Oil Industries Ltd. (in liqn.)] Office Notes, Memoranda of Coram, appearances, Court's orders or directions Court's or Judge's orders and Registrar's order Dr. Anjan De, Advocate for Official Liquidator. Shri C.A. Joshi, Advocate for Respondent-Intervenor. Shri R.L. Khapre, Advocate for Respondent-Intervenor. Shri A.M. Ghare, Advocate for Respondent-Intervenor. Coram : R.K. Deshpande, J.

Date : 25 th April, 2016 Heard the learned counsels appearing for the parties. There is no objection for granting prayer clause (A) of Official Liquidator Report No.4 of 2016, which is reproduced below :

"(A) Whether in view of Para No.18 here in above this Hon'ble Court would pleased be permit to the official liquidator to declare dividend @ 100% to the workers as per adjudication done by the Chartered Accountant as per Exhibit "I"."

2504cao792.16.odt The order dated 22-3-2016, therefore, stands corrected accordingly, and the prayer clauses (A), (B) and (C) of the Official Liquidator Report are granted.

The company application is disposed of.

Judge.

Lanjewar