(1) Subject to subsection (2), if -
(a) a company that is being wound up and that is unable to pay all of its debts has contravened any of sections 281 to 285, and
(b) the court considers that such contravention has -
(i) contributed to the company's inability to pay all of its debts, or
(ii) resulted in substantial uncertainty as to the assets and liabilities of the company, or
(iii) substantially impeded the orderly winding up of the company,
the court, on the application of the liquidator or any creditor or contributory of the company, has the following power.
(2) That power of the court is to declare, if it thinks it proper to do so, that any one or more of the officers and former officers of the company who, with respect to the contravention, is or are in default shall be personally liable, without any limitation of liability, for all, or such part as may be specified by the court, of the debts and other liabilities of the company.
(3) On the hearing of an application under this s
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