s 231 Disclaimer of leaseholds
231.—(1) A disclaimer under section 230 of any property of a leasehold nature does not take effect unless a copy of the notice of disclaimer has been served on every person claiming under the company as sub-lessee or mortgagee and either —(a) no application under section 232 is made with respect to that property before the end of the period of 14 days starting on the date on which the last notice served under this subsection was served; or (b) where such an application has been made, the Court directs that the disclaimer takes effect. (2) Where the Court gives a direction under subsection (1)(b), the Court may also, instead of or in addition to any order the Court makes under section 232, make such order with respect to fixtures, tenant’s improvements and other matters arising out of the lease as the Court thinks fit.