SECTION 329 – Transfers not in good faith to be void.
The Companies Act, 2013
Transfers not in good faith to be void.
Transfers not in good faith to be void.—Any transfer of property, movable or immovable, or any delivery of goods, made by a company, not being a transfer or delivery made in the ordinary course of its business or in favour of a purchaser or encumbrancer in good faith and for valuable consideration, if made within a period of one year before the presentation of a petition for winding up by the Tribunal under this Act shall be void against the Company Liquidator.