Disclaimer of property: liquidator may disclaim specified contracts or leases by order subject to stated terms and schedule. An order grants the liquidator liberty to disclaim specified contracts, leases or other property by a stated deadline, upon an application supported by ... Summary
Limited Liability Partnership (Winding up and Dissolution) Rules, 2012
Disclaimer of property: liquidator may disclaim specified contracts or leases by order subject to stated terms and schedule.
An order grants the liquidator liberty to disclaim specified contracts, leases or other property by a stated deadline, upon an application supported by affidavits and exhibits and after service and hearing; the order identifies the instrument to be disclaimed, sets any terms and conditions governing the disclaimer, and includes a schedule of the property, with any tribunal-ordered extension noted in the preamble.
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