Power 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 24 neither the State Government nor a local authority purchases the undertaking, the order published under section 10 is, on the application or with the consent 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.