Lease disclaimer: Liquidator seeks leave to disclaim an unprofitable lease, permitting the lessor to prove for loss. Application by the official liquidator for leave to disclaim the lease demised to the company, stating the winding-up, lease particulars, cessation of occupation, absence of company chattels, attempts or reasons regarding sale or possession, and that the rent and terms make the lease unprofitable. The liquidator affirms there are no other interested persons besides the company and lessor (as known), explains any delay and notice history, confirms asset insufficiency relative to creditor claims, and asks that the lessor be allowed to prove for loss caused by 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.
Lease disclaimer: Liquidator seeks leave to disclaim an unprofitable lease, permitting the lessor to prove for loss.
Application by the official liquidator for leave to disclaim the lease demised to the company, stating the winding-up, lease particulars, cessation of occupation, absence of company chattels, attempts or reasons regarding sale or possession, and that the rent and terms make the lease unprofitable. The liquidator affirms there are no other interested persons besides the company and lessor (as known), explains any delay and notice history, confirms asset insufficiency relative to creditor claims, and asks that the lessor be allowed to prove for loss caused by the disclaimer.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.