Onerous property of bankrupt.

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Full Text of the Document

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....ankruptcy trustee may give the notice under sub-section (1) notwithstanding that he has taken possession of the onerous property, endeavoured to sell it or has exercised rights of ownership in relation to it. (3) A notice of disclaimer under sub-section (1) shall- (a) determine, as from the date of such notice, the rights, interests and liabilities of the bankrupt in respect of the onerous prope....