2 Replies
Sahil Jain (FAFD, DISA, CA)
(Practicing Chartered Accountant )
(2476 Points)
Replied 28 March 2019
The term onerous property in the context of a liquidation or bankruptcy, applies to unprofitable contracts and to property that is unsaleable or not easily saleable or that might give rise to a continuing liability.
Vijay Boliya
(220 Points)
Replied 29 March 2019
Any property which inflow is lower than outflow. Means more expenditure, more cost for deal in property compare to gaining in property.
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