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        Companies Law

        Section 330 - Certain transfers to be void

        Companies Act, 2013
        Part III
        Provisions applicable to every mode of winding up

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        Transfers to trustees void - assignment of all company assets to trustees for benefit of creditors is invalid under statute. Transfers by a company constituting an assignment of all its properties or assets to trustees for the benefit of all its creditors are expressly rendered void, so such comprehensive conveyances to trustees for the collective benefit of creditors carry no legal effect.
                        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.

                              Transfers to trustees void - assignment of all company assets to trustees for benefit of creditors is invalid under statute.

                              Transfers by a company constituting an assignment of all its properties or assets to trustees for the benefit of all its creditors are expressly rendered void, so such comprehensive conveyances to trustees for the collective benefit of creditors carry no legal effect.


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