Section 186

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. 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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Source: legislation.gov.uk · retrieved 2026-09-04