https://www.taxtmi.com/acts?id=17630 Section 333 authorises the company liquidator, with Tribunal leave and within a limited post-commencement period (subject to extension and late-discovery rules), to disclaim onerous or unsaleable property and unprofitable contracts by written notice. The disclaimer terminates the company's rights, interests and liabilities in that property as against the company, while preserving third-party rights as necessary. The Tribunal may impose notice requirements and terms, rescind contracts with provable damages, and make vesting orders delivering disclaimed property to entitled persons or trustees on just terms; affected persons are deemed creditors for compensation. en-us Sat, 02 Mar 2013 15:37:40 +0530 Sat, 13 Dec 2025 10:55:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17630 Section 333 authorises the company liquidator, with Tribunal leave and within a limited post-commencement period (subject to extension and late-discovery rules), to disclaim onerous or unsaleable property and unprofitable contracts by written notice. The disclaimer terminates the company's rights, interests and liabilities in that property as against the company, while preserving third-party rights as necessary. The Tribunal may impose notice requirements and terms, rescind contracts with provable damages, and make vesting orders delivering disclaimed property to entitled persons or trustees on just terms; affected persons are deemed creditors for compensation. Act-Rules Companies Law Sat, 02 Mar 2013 15:37:40 +0530 https://www.taxtmi.com/acts?id=17630