Disclaimer of company property: liquidator to notify interested parties before applying for court leave to disclaim leases or contracts. The liquidator must serve a formal notice identifying the property, lease, contract or other company interest proposed to be disclaimed with short ... Summary
Disclaimer of company property: liquidator to notify interested parties before applying for court leave to disclaim leases or contracts.
The liquidator must serve a formal notice identifying the property, lease, contract or other company interest proposed to be disclaimed with short particulars, and state the intention to apply to the court for leave to disclaim, thereby notifying interested recipients and initiating the procedural step of seeking judicial permission before effecting any disclaimer.
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