https://www.taxtmi.com/acts?id=17626 Any transfer or delivery of property by a company not made in the ordinary course of business, and not in favour of a purchaser or encumbrancer in good faith and for valuable consideration, if made within one year before presentation of a petition for winding up by the Tribunal, is void against the Company Liquidator. The provision preserves liquidator rights to challenge dispositions that prejudice creditors while exempting ordinary-course transactions and bona fide purchasers or encumbrancers. en-us Sat, 02 Mar 2013 15:35:48 +0530 Sat, 13 Dec 2025 10:47:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17626 Any transfer or delivery of property by a company not made in the ordinary course of business, and not in favour of a purchaser or encumbrancer in good faith and for valuable consideration, if made within one year before presentation of a petition for winding up by the Tribunal, is void against the Company Liquidator. The provision preserves liquidator rights to challenge dispositions that prejudice creditors while exempting ordinary-course transactions and bona fide purchasers or encumbrancers. Act-Rules Companies Law Sat, 02 Mar 2013 15:35:48 +0530 https://www.taxtmi.com/acts?id=17626