The power under s 568(1B)(b) of the Corporations Act to make orders on an application for leave to disclaim a contract does not extend to orders that alter accrued contractual rights of non-disclaiming parties beyond what is necessary to release the company or its property from liability. The broad discretionary language of s 568(1B)(b) is constrained by the specific consequences of disclaimer set out in s 568D(1). Liquidators seeking to realise value from contracts where the counterparty holds a contractual right not to perform (e.g., following an Event of Default) cannot use the disclaimer mechanism to override those contractual rights.
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