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[Cites 0, Cited by 0] [Section 333] [Entire Act]

Union of India - Subsection

Section 333(5) in The Companies Act, 2013

(5)The Tribunal may, on the application of any person who is, as against the Company 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 ofthe contract, or otherwise as the Tribunal considers just and proper, and any damages payable under the order to any such person may be proved by him as a debt in the winding up.