Contracts, etc. in bad faith may be cancelled or varied

(1) If the Government are satisfied, after such enquiry as they may think proper, that any contract or agreement entered into at any time within a period of two years immediately preceding the appointed day, between the private management in relation to the medical college and any other person, in relation to any service, sale or supply to, or by, the medical college and in force immediately before the appointed day, has been entered into in bad faith, or is detrimental to the interests of the medical college, they may make, within one hundred and eighty days from the appointed day, an order cancelling or varying (either unconditionally or subject to such conditions as they may think fit to impose) such contract or agreement and thereafter the contract or agreement shall have effect accordingly: Provided that no contract or agreement shall be cancelled or varied except after giving to the parties to the contract or agreement an opportunity or making a representation in this regard. (2) Any person aggrieved by an order made under sub-section (1) may, within sixty days from the date of communication of the order, make an application to the principal civil court of original jurisdiction within the local limits of whose jurisdiction the medical college is situated for the variation or reversal of such order and there upon such court may confirm, modify or reverse such order.