Court leave for disclaimer: liquidator may disclaim company assets subject to court-imposed terms and interested parties' hearing. Leave to disclaim permits a liquidator to renounce company liabilities or property only after the Court, having heard the liquidator and interested parties responding to notice or otherwise appearing, grants leave. Such leave may be made subject to terms and conditions the Court considers just and is recorded in the prescribed form when the Court authorises the disclaimer.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Court leave for disclaimer: liquidator may disclaim company assets subject to court-imposed terms and interested parties' hearing.
Leave to disclaim permits a liquidator to renounce company liabilities or property only after the Court, having heard the liquidator and interested parties responding to notice or otherwise appearing, grants leave. Such leave may be made subject to terms and conditions the Court considers just and is recorded in the prescribed form when the Court authorises the disclaimer.
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