125.-(1) A lease may be disclaimed without the leave of the Court in any of the following cases, namely :-

(a) where the bankrupt has not sub-let the demised premises or any part thereof or created a mortgage or charge upon the lease; and

(i) the rent reserved and real value of the property leased, as ascertained by the property tax assessment, are less than twenty pounds per annum; or

(ii) the estate is administered under the provisions of section 103 of the Law; or

(iii) the trustee serves the lessor with notice of his intention to disclaim, and the lessor does not within seven days after the receipt of such notice give notice to the trustee requiring the matter to be brought before the Court;

(b) where the bankrupt has sub-let the demised premises or created a mortgage or charge upon the lease, and the trustee serves the lessor and the sub-lessee or the mortgagees with notice of his intention to disclaim, and neither the lessor nor the sub-lessee or the mortgagees, or any of them, within fourteen days after the receipt of such notice require or requires the matter to be brought before the Court.

(2) Except as provided by this rule the disclaimer of a lease without the leave of the Court shall be void.

(3) Where the trustee disclaims a leasehold ‘interest be shall forthwith file the disclaimer with the proceedings in the Court and the disclaimer shall contain particulars of the interest disclaimed, and a statement of the persons to whom’ notice of the disclaimer has been given. Until the disclaimer is filed by the trustee it shall be inoperative.

(4) A disclaimer made without the leave of the Court under this rule shall not be void or otherwise affected on the ground only that the notice required by this rule has not been given to some person who claims to be interested in the demised property.

(5) Where any person claims to be interested in any part of the property of the bankrupt burdened with onerous covenants, he shall, at the request of the Official Receiver or trustee, furnish a statement of the interest so claimed by him.