https://www.taxtmi.com/caselaws?id=200341 A transfer by an insolvent that has not been annulled under the Provincial Insolvency Act remains voidable, not void ab initio, and continues to operate until set aside by the insolvency court exercising special jurisdiction. That annulment power belongs to the court seized of the insolvency proceedings, and a purchaser from the Official Receiver cannot invoke the transferor's insolvency challenge as an equitable defence in ordinary civil proceedings. Where the transfer was for consideration and outside the statutory period for a voluntary transfer, the defence was unavailable and the transfer could not be treated as ineffective in the suit. en-us Wed, 06 Nov 1918 00:00:00 +0530 Mon, 26 Mar 2018 14:32:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200341 A transfer by an insolvent that has not been annulled under the Provincial Insolvency Act remains voidable, not void ab initio, and continues to operate until set aside by the insolvency court exercising special jurisdiction. That annulment power belongs to the court seized of the insolvency proceedings, and a purchaser from the Official Receiver cannot invoke the transferor's insolvency challenge as an equitable defence in ordinary civil proceedings. Where the transfer was for consideration and outside the statutory period for a voluntary transfer, the defence was unavailable and the transfer could not be treated as ineffective in the suit. Case-Laws Indian Laws Wed, 06 Nov 1918 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200341