Disclaimer election by liquidator requires a timely decision and notice to seek leave to disclaim under insolvency procedure. Form No. 76 requires a lessor or contracting party to notify the Liquidator/LLP Liquidator that the company/LLP was party to a lease or contract at the time of winding-up and to require the liquidator, within 28 days of receipt, to decide whether to disclaim that lease or contract and, if disclaiming, to give notice within the same period of an intention to apply to the NCLT Bench for leave to disclaim; particulars of the property, lease or contract are to be set out in a schedule.
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 election by liquidator requires a timely decision and notice to seek leave to disclaim under insolvency procedure.
Form No. 76 requires a lessor or contracting party to notify the Liquidator/LLP Liquidator that the company/LLP was party to a lease or contract at the time of winding-up and to require the liquidator, within 28 days of receipt, to decide whether to disclaim that lease or contract and, if disclaiming, to give notice within the same period of an intention to apply to the NCLT Bench for leave to disclaim; particulars of the property, lease or contract are to be set out in a schedule.
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