https://www.taxtmi.com/caselaws?id=106407 A company's leasehold interest in immovable property remains a subsisting asset in liquidation until dissolution and may be transferred, attached or sold subject to the lease terms. Liquidation does not extinguish the company's corporate existence or lease rights by itself. Lessors cannot recover possession or compel disclaimer merely on non-payment of rent or alleged forfeiture unless the lease is lawfully determined and the statutory requirements for forfeiture or disclaimer are met. In winding up, the liquidator alone may pursue disclaimer in the manner provided by company law, while the interests of mortgagees and workmen must also be protected. en-us Tue, 30 Jul 2002 00:00:00 +0530 Wed, 14 Mar 2012 10:41:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106407 A company's leasehold interest in immovable property remains a subsisting asset in liquidation until dissolution and may be transferred, attached or sold subject to the lease terms. Liquidation does not extinguish the company's corporate existence or lease rights by itself. Lessors cannot recover possession or compel disclaimer merely on non-payment of rent or alleged forfeiture unless the lease is lawfully determined and the statutory requirements for forfeiture or disclaimer are met. In winding up, the liquidator alone may pursue disclaimer in the manner provided by company law, while the interests of mortgagees and workmen must also be protected. Case-Laws Companies Law Tue, 30 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106407