Vesting of company property in Official Liquidator enables recovery and litigation in official name after winding-up order. Where an unregistered company cannot sue or be sued in a common name or it is expedient, the Tribunal may direct the vesting in the Official Liquidator by his official name of all or part of the company's property, including actionable claims and property held by trustees; the Official Liquidator may, after giving such indemnity as the Tribunal directs, bring or defend in his official name suits or proceedings relating to that property or necessary to wind up the company and recover its property.