186 Rescission of contracts by the court

Miscellaneous matters

186  Rescission of contracts by the court

(1)     The court may, on the application of a person who is, as against the liquidator, entitled to the benefit or subject to the burden of a contract made with the company, make an order rescinding the contract on such terms as to payment by or to either party of damages for the non-performance of the contract, or otherwise as the court thinks just.

(2)     Any damages payable under the order to such a person may be proved by him as a debt in the winding up.

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