In re Ice Rinks (Timaru) Limited (In Voluntary Liquidation) - [1955] NZLR 641

Company Law — Winding-up — Disclaimer of Lease — Application by Company in Voluntary Liquidation for Leave to Disclaim — Lessor, consenting to Assignment of Lease to Company, on receiving Covenant by Lessee that such Assignment should not release Lessee from Liability under Lease — Company covenanting to indemnify Original Lessee against Liability under his Covenants in Lease — Disclaimer Ineffective in Practical Effect — Leave to Disclaim refused — Alternatively, Order vesting Property in Original Lessee not to be made except on Application by Person seeking Such Order and after Notice to Affected Parties — Companies Act, 1933, s 261.