ADVOKS GLOBAL · KENYA
Insolvency Act
477. Special provisions relating to disclaimer of leaseholds
Edition: 2022-12-31 · In force
477. Special provisions relating to disclaimer of leaseholds
(1)The disclaimer under section 476 of any property comprising a leasehold interest does not take effect unless a copy of the disclaimer has been served on every person claiming under the company as under-lessee or mortgagee whose address is known to the liquidator and either—(a)an application under section 479 has not been made with respect to that property within fourteen days from and including the date on which the last notice served under this subsection was served; or(b)if such an application is made, the Court makes an order directing the disclaimer to take effect.(2)If the Court makes an order under subsection (1)(b), it may also, instead of or in addition to any order it makes under section 479, make such orders with respect to fixtures, tenant's improvements and other matters arising out of the lease as it considers appropriate.