# Insolvency Act 1986, Section 186: Rescission of contracts by the court.

Extent: E+W+S

(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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Source: https://www.legislation.gov.uk/ukpga/1986/45/section/186 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/section-186
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.