Voidability of non-good-faith transfers prevents effectiveness against the company liquidator absent ordinary-course or bona fide purchaser. Transfers of property or deliveries of goods by a company within one year before a winding-up petition or voluntary winding-up resolution are void against the company liquidator unless made in the ordinary course of business or in favour of a purchaser or encumbrance in good faith and for valuable consideration.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Voidability of non-good-faith transfers prevents effectiveness against the company liquidator absent ordinary-course or bona fide purchaser.
Transfers of property or deliveries of goods by a company within one year before a winding-up petition or voluntary winding-up resolution are void against the company liquidator unless made in the ordinary course of business or in favour of a purchaser or encumbrance in good faith and for valuable consideration.
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