Leave to disclaim property by a liquidator authorises disclaimer under specified terms and a filing schedule. Application by the company liquidator may be granted leave by the Tribunal to disclaim specified contracts, leases, shares or other property by a stated date; the order records the application, supporting affidavits and exhibits, service or appearances of interested parties, any prior extension of time, and requires a Schedule identifying the disclaimed property and any terms or conditions imposed by the Tribunal.
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.
Leave to disclaim property by a liquidator authorises disclaimer under specified terms and a filing schedule.
Application by the company liquidator may be granted leave by the Tribunal to disclaim specified contracts, leases, shares or other property by a stated date; the order records the application, supporting affidavits and exhibits, service or appearances of interested parties, any prior extension of time, and requires a Schedule identifying the disclaimed property and any terms or conditions imposed by the Tribunal.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
