A liquidator can reverse a transaction entered into by a company if it is a voidable transaction.However, there will be no obligation on the part of the payee under such a transaction to repay money to the liquidator if the transaction was:

Question

Quizplus · Accepted Answer

If a transaction was made in good faith for valuable consideration and there was no reason to believe the company was insolvent, the payee is not obligated to repay the money to the liquidator.

A Liquidator Can Reverse a Transaction Entered into by a Company