Section 334 Transfer, etc., after commencement of winding up to be void
- Chapter
- XX · Winding Up
- Amendments
- 1
- Last changed
- 15 November 2016
Substituted by Insolvency and Bankruptcy Code, 2016, s. 255, with effect from 15 November 2016. Earlier read: "section 334"334. Transfers, etc., after commencement of winding up to be void.—
Substituted by Insolvency and Bankruptcy Code, 2016, s. 255, with effect from 15 November 2016. Earlier read: "section 334"In the case of a winding up by the Tribunal, any disposition of the property including actionable claims, of the company and any transfer of shares in the company or alteration in the status of its members, made after the commencement of the winding up shall, unless the Tribunal otherwise orders, be void.