Power of Court to modify agreements

104. If by reason of an agreement between the owner and the occupier of premises, the whole or any part of which has been let as a factory, the said owner or occupier is prevented from carrying out any structural or other alterations in the premises which are necessary to enable him to comply with the provisions of this Law, or of any rule, regulation or order made under this Law, or in order to conform with any standard or requirement imposed by or under this Law, he may apply to the President of a District Court for the terms of the agreement to be set aside or modified; and the President after hearing the parties and any witnesses whom they may desire to call, may make such an order setting aside or modifying the terms of the agreement as the President considers just and equitable in the circumstances of the case.