16 Jan 2003
RE TAN & SONS CO. LTD. (in Provisional Liquidation)
- Citation
- RE TAN & SONS CO. LTD. (in Provisional Liquidation)
- Court
- Court of First Instance
- Case number
- HCCW63/1997
Leave to extend the time to 3 October 2002 and to disclaim the Roof Top was granted because the provisional liquidators discovered the Property in Feb 2000, made reasonable and documented attempts to sell or transfer it (including offer to incorporated owners), no party was willing to accept it, the Property was of no value and attracted ongoing rates liability, sole registered ownership meant liabilities would not transfer to co-owners, and no prejudice arose from the delay; consequently disclaimer under s 268(1) was appropriate.