1383. Applications where reversioner fails to give counter-notice or further counter-notice.

Where the initial notice1 has been given2 but:

  1.  

    (1)     the reversioner3 has failed to give the nominee purchaser4 a counter-notice5; or

  2.  

    (2)     if required to give the nominee purchaser6 a further counter-notice7, the reversioner has failed to comply with that requirement,

the court8 may, on the application of the nominee purchaser9, make an order determining the terms on which he is to acquire, in accordance with the proposals contained in the initial notice, such interests10 and rights as are specified11 in it12.

The terms so determined by the court must in certain circumstances13 include terms which provide for the leasing back14