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        Companies Law

        Form No. 129 - (Official) Liquidator of the said Company — Applicant Summons for leave to disclaim

        Company Court Rules, 1959
        Chapter 01

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        Disclaimer power in liquidation: court may permit liquidator to renounce company property, lease, or contract. Liquidator may apply by summons for court leave to disclaim specified company property, lease or contract and the interest therein, seeking provision for costs; the summons sets a chambers hearing and, if the statutory time limit has expired, may seek leave notwithstanding that expiry, and will be adjourned for notice to interested parties.
                        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.

                              Disclaimer power in liquidation: court may permit liquidator to renounce company property, lease, or contract.

                              Liquidator may apply by summons for court leave to disclaim specified company property, lease or contract and the interest therein, seeking provision for costs; the summons sets a chambers hearing and, if the statutory time limit has expired, may seek leave notwithstanding that expiry, and will be adjourned for notice to interested parties.


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