Section 63: Disclaimer of lease-holds. Subject always to such rules as may be made in this behalf, — Insolvancy (Karachi Division) Act, 1909

Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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63. Disclaimer of lease-holds. Subject always to such rules as may be made in this behalf, the official assignee shall not be entitled to disclaim any leasehold interest without the leave of the Court; and the Court may, before or on granting such leave, require such notices to be given to persons interested, and impose such terms as a condition of granting leave, and make such orders with respect to fixtures, tenant’s improvements and other matters arising out of the tenancy, as the Court thinks just.

Effective date: 1909-01-01

Related sections

Section 62: Disclaimer of onerous property Section 64: Power to call on official assignee disclaim. The official assignee shall not be entitled to Section 61: Vesting and transfer of property. The property of the insolvent shall pass from official Section 65: Power for Court to rescind contract. The Court may, on the application of any person Section 60: Appropriation of portion of pay or other income to creditors Section 66: Power for Court to make vesting order in respect of disclaimed property

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