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High Court dismisses application by liquidator of company to disclaim allegedly onerous property.
Company law - company in liquidation - voluntary winding up - application to disclaim allegedly onerous property - s 290(1), Companies Act 1963 - properties held subject to mortgages - market value below value of mortgages - costs of maintaining properties - local authority charges - costs of maintenance and insurance - failure to sell - whether properties "burdened with onerous covenants" - whether court had jurisdiction to grant orders sought - effect of orders sought on mortgagee and guarantors.
Note: This is intended to be a fair and accurate report of a decision made public by a court of law. Any errors should be notified to the editor and will be dealt with accordingly.
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