F1PART VWINDING UP OF COMPANIES REGISTERED UNDER THE COMPANIES ORDERS
Annotations:
Amendments (Textual)
CHAPTER VIIIPROVISIONS OF GENERAL APPLICATION IN WINDING UP
Miscellaneous matters
Rescission of contracts by the High Court157
1
The High 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.
Pts. I-V modified by S.R. 2004/307 (as amended (1.10.2006) by Limited Liability Partnerships (Amendment) Regulations (Northern Ireland) 2006 (S.R. 2006/377), reg. 3, Sch. 2)