https://www.taxtmi.com/highlights?id=79729 Disclaimer of onerous property granted to the Official Liquidator to disclaim office space - peaceful, vacant possession to be handed over to applicant from Official Liquidator. Mortgage/charge enforceable only during subsistence of sub-lease. Company's account NPA since 31.12.2011, symbolic possession taken by PNB on 06.02.2013. Objector-PNB's rights terminated upon termination of sub-lease by applicant-IIPL. Objector cannot claim rights beyond company's sub-lease rights. Similar case of Stressed Assets Stabilization Fund. Leave granted to Official Liquidator to disclaim property, handover vacant possession to applicant within 45 days by removing padlocks/seals. Application disposed of. en-us Fri, 26 Jul 2024 09:07:07 +0530 Fri, 26 Jul 2024 09:07:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=79729 Disclaimer of onerous property granted to the Official Liquidator to disclaim office space - peaceful, vacant possession to be handed over to applicant from Official Liquidator. Mortgage/charge enforceable only during subsistence of sub-lease. Company's account NPA since 31.12.2011, symbolic possession taken by PNB on 06.02.2013. Objector-PNB's rights terminated upon termination of sub-lease by applicant-IIPL. Objector cannot claim rights beyond company's sub-lease rights. Similar case of Stressed Assets Stabilization Fund. Leave granted to Official Liquidator to disclaim property, handover vacant possession to applicant within 45 days by removing padlocks/seals. Application disposed of. Highlights Companies Law Fri, 26 Jul 2024 09:07:07 +0530 https://www.taxtmi.com/highlights?id=79729