Section 130
Avoidance of dispositions of property and certain attachments, etc.
of Insolvency, Restructuring and Dissolution Act 2018
ActIn forceProvision 152 of 570
Section 130
(1)
Any disposition of the property of the company, including things in action, and any transfer of shares or alteration in the status of the members of the company, made after the commencement of the winding up by the Court is, unless the Court otherwise orders, void.
(2)
Any attachment, sequestration, distress or execution put in force against the estate or effects of the company after the commencement of the winding up by the Court is, unless the Court otherwise orders, void.