Disclaimer of lease: liquidator seeks leave to renounce burdensome lease obligations, enabling lessor to prove for loss. Liquidator applies for leave to disclaim a lease on grounds that the demised premises have not been used, the lease is unprofitable or of no benefit to the company or its creditors, and the company's assets are insufficient to meet claims; the affidavit details identification of the lease, possession and sale efforts (if any), service and response to statutory notice or extension reasons, 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.
Disclaimer of lease: liquidator seeks leave to renounce burdensome lease obligations, enabling lessor to prove for loss.
Liquidator applies for leave to disclaim a lease on grounds that the demised premises have not been used, the lease is unprofitable or of no benefit to the company or its creditors, and the company's assets are insufficient to meet claims; the affidavit details identification of the lease, possession and sale efforts (if any), service and response to statutory notice or extension reasons, and asks that the lessor be allowed to prove for loss caused by the disclaimer.
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