370. Procedure for setting aside voidable transactions and charges

file in the court a notice by way of a motion to that effect specifying the transaction or charge to be set aside and, in the case of a transaction, the property or value which the liquidator whishes to recover, and setting out the effect of subsections (2), (3) and (4) of this section ; and

serve a copy of the notice as filed in court under paragraph (a), on the other party to the transaction or the grantee of the charge and or every other person from whom the liquidator wishes to recover the property or value.

who would be affected by the setting aside of the transaction or charge specified in the notice; and

who considers that the transaction or charge is not voidable, may apply to the court for an order that the transaction or charge, be not set aside.