162. (1) The bankruptcy trustee shall not be entitled to disclaim any
leasehold interest, unless a notice of disclaimer has been served on every
interested person and-
(a) no application objecting to the disclaimer by the interested person, has
been filed with respect to the leasehold interest, within fourteen days of
the date on which notice was served; and
(b) where the application objecting to the disclaimer has been filed by the
interested person, the Adjudicating Authority has directed under section 163
that the disclaimer shall take effect.
(2) Where the Adjudicating Authority gives a direction under clause (b) of
sub-section (1), it may also make order with respect to fixtures,
improvements by tenant and other matters arising out of the lease as it may
think fit.