Relief from liability under section 858, 859 or 860

861. In any proceeding against a person under section 858, 859 or 860, the court may, if, having regard to the circumstances of the case, it considers that it is just and equitable to do so, grant relief—

(a) in whole or in part from the liability of that person under the section concerned, and

(b) subject to such conditions as the court sees fit.