Singapore legislation
Regulation 51
of Insolvency, Restructuring and Dissolution (Judicial Management) Regulations 2020
Regulation 51
Notice of disclaimer under section 230 of Act
Subregulation 1
For the purposes of section 230(1) of the Act, the notice to be given by a judicial manager to disclaim onerous property (called in this Part the notice of disclaimer) must be in Form JM‑15.
Subregulation 2
The judicial manager must state in the notice of disclaimer that the company disclaims all the company’s interests in the property, and the notice must contain the following information or particulars:
the title “Notice of disclaimer under section 230 of the Insolvency, Restructuring and Dissolution Act 2018 (Act 40 of 2018)”;
the name of the company;
the name of the judicial manager and his or her contact details;
a brief description of the property being disclaimed and, if the property is land, the full address of the property;
whether the property being disclaimed is onerous property of the kind described in section 230(2)(a) or (b)(i), (ii) or (iii) of the Act, and how the property is such onerous property;
the date of the disclaimer.