Singapore legislation
Regulation 167
of Insolvency, Restructuring and Dissolution (Corporate Insolvency and Restructuring) Rules 2020
Regulation 167
Application in relation to section 230(4)(b)(ii) of Act
Subregulation 1
An application to the Court by a judicial manager or liquidator for a longer period to give a notice of disclaimer of onerous property (otherwise required under section 230(4)(b)(ii) of the Act to be given within the period stated in that provision) must be made by the judicial manager or liquidator (as the case may be) in accordance with this rule.
Subregulation 2
The affidavit supporting the application mentioned in paragraph (1) must state the reasons for the application.
Subregulation 3
A copy each of the application mentioned in paragraph (1) and the affidavit supporting the application must be served on every person interested in the property in question who has applied in writing to the judicial manager or liquidator or any of the judicial manager’s or liquidator’s predecessors as judicial manager or liquidator (as the case may be) in accordance with section 230(4)(b)(i) of the Act.