Power to promoter to sell when option to purchase exercised and order revoked by consent.

Where, on the expiration of any of the periods referred to in section neither the State Government nor a local authority purchases the undertaking, and the order published under section 10 is, on the application or with the corsent of the promoter, revoked, the promoter shall have the option of disposing of all lands, buildings, works, materials, plant and apparatus belonging to the undertaking in such manner as he may think fit.