https://www.taxtmi.com/caselaws?id=108555 A Company Court may, in appropriate circumstances, entertain an application by an interested or aggrieved party seeking disclaimer of property, even though the usual power to seek disclaimer lies with the Official Liquidator. The court's jurisdiction under section 446(2) of the Companies Act, 1956 is not excluded on that ground. However, disclaimer is justified only where the property is shown to be onerous or burdensome to the company in liquidation. A leasehold property housing the company's factory, plant, machinery, furniture and finished goods was found not to be onerous, and immediate disclaimer would impede winding up. The request for disclaimer was therefore refused. en-us Fri, 11 Oct 2002 00:00:00 +0530 Mon, 02 Apr 2012 15:49:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108555 A Company Court may, in appropriate circumstances, entertain an application by an interested or aggrieved party seeking disclaimer of property, even though the usual power to seek disclaimer lies with the Official Liquidator. The court's jurisdiction under section 446(2) of the Companies Act, 1956 is not excluded on that ground. However, disclaimer is justified only where the property is shown to be onerous or burdensome to the company in liquidation. A leasehold property housing the company's factory, plant, machinery, furniture and finished goods was found not to be onerous, and immediate disclaimer would impede winding up. The request for disclaimer was therefore refused. Case-Laws Companies Law Fri, 11 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108555