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Part XII · Winding Up

372. Additional provisions relating to setting aside of transactions and charges

அதிகாரப்பூர்வ ஆங்கில மொழிபெயர்ப்பு. சிங்கள உரை மேலோங்கும். அதிகாரப்பூர்வ Sinhala உரையைத் திறக்கவும், documents.gov.lk-இல் அதிகாரப்பூர்வ PDF

(1)

The setting aside of a transaction or an order made under section 371 shall not affect the title or interest of a person in property, which that person has acquired—

(a)

from a person other than the company;

(b)

for valuable consideration ; and

(c)

in good faith.

(2)

The setting aside of a charge or an order made under section 371 shall not affect the title or interest of a person in property which that person has acquired—

(a)

as the result of the exercise of a power of sale by the grantee of the charge;

(b)

for valuable consideration; and

(c)

in good faith.

(3)

Recovery by the liquidator of property or its equivalent value, whether under section 371 or any other section of this Act or under any other enactment or in equity or otherwise, may be denied wholly or in part if—

(a)

the person from whom recovery is sought received the property in good faith and has altered his position in the reasonably held belief that the transfer to that person was validly made; and

(b)

in the opinion of the court, it is inequitable to order recovery or recovery in full.