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 ... Summary
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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