https://www.taxtmi.com/acts?id=15770 Clause 333 authorises the company liquidator, with Tribunal leave and within prescribed time limits, to disclaim onerous property including land with onerous covenants, shares, unsaleable property due to binding obligations, and unprofitable contracts. The disclaimer terminates the company's rights, interests and liabilities in the disclaimed property from the date of disclaimer, subject to preservation of third party rights where necessary to release the company. The Tribunal may impose notice requirements, conditions, rescind contracts with terms for damages, and order vesting of disclaimed property on just terms, with special conditions for leaseholds. en-us Fri, 23 Dec 2011 15:25:26 +0530 Fri, 23 Dec 2011 15:25:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15770 Clause 333 authorises the company liquidator, with Tribunal leave and within prescribed time limits, to disclaim onerous property including land with onerous covenants, shares, unsaleable property due to binding obligations, and unprofitable contracts. The disclaimer terminates the company's rights, interests and liabilities in the disclaimed property from the date of disclaimer, subject to preservation of third party rights where necessary to release the company. The Tribunal may impose notice requirements, conditions, rescind contracts with terms for damages, and order vesting of disclaimed property on just terms, with special conditions for leaseholds. Act-Rules Bills Fri, 23 Dec 2011 15:25:26 +0530 https://www.taxtmi.com/acts?id=15770