Companies Act 2014 section 861

Relief from liability under section 858, 859 or 860

Section 861 allows the court to grant relief from personal liability imposed on individuals under sections 858, 859 or 860 where it considers it just and equitable to do so.

• Where proceedings are brought against a person under section 858, 859 or 860, the court has discretion to grant relief from the resulting liability
• Relief may only be granted where the court considers it just and equitable in the circumstances of the particular case
• The court may grant relief in whole or in part, meaning the person's liability can be fully removed or reduced
• Any relief granted may be subject to whatever conditions the court considers appropriate