https://www.taxtmi.com/acts?id=13526 Rule 234 permits the Tribunal, after hearing interested parties, to vest disclaimed leasehold property in a person entitled or a trustee on terms the Tribunal deems just, transferring the estate without conveyance. For leasehold property, vesting in persons claiming under the LLP is conditional on their acceptance of the same lease liabilities as the LLP or on terms equivalent to an assignment; those declining such terms are excluded from interest and security. If no claimant accepts, the Tribunal may vest the estate in a person liable to perform the lessee's covenants, freed from LLP-created encumbrances. Injured persons are deemed creditors and may prove compensation in the winding up. en-us Thu, 26 May 2011 15:43:14 +0530 Wed, 26 Jun 2024 16:32:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=13526 Rule 234 permits the Tribunal, after hearing interested parties, to vest disclaimed leasehold property in a person entitled or a trustee on terms the Tribunal deems just, transferring the estate without conveyance. For leasehold property, vesting in persons claiming under the LLP is conditional on their acceptance of the same lease liabilities as the LLP or on terms equivalent to an assignment; those declining such terms are excluded from interest and security. If no claimant accepts, the Tribunal may vest the estate in a person liable to perform the lessee's covenants, freed from LLP-created encumbrances. Injured persons are deemed creditors and may prove compensation in the winding up. Act-Rules LLP Thu, 26 May 2011 15:43:14 +0530 https://www.taxtmi.com/acts?id=13526