section 54
Avoidance of voluntary transfer.
The Insolvency Act, 1955Corporate195588 sections6 chapters
Part III ADMINISTRATION OF PROPERTY
Statutory text
Any transfer of property not being a transfer made before and in consideration of marriage or made in favour of a purchaser or incumbrancer in good faith and for valuable consideration shall, if the transferer is adjudged insolvent on a petition presented within two years after the date of the transfer, be voidable as against the receiver and may be annulled by the Court.
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