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 without reason to believe the company was insolvent, it is not considered a voidable transaction and the payee is not obligated to repay the money to the liquidator.

A Liquidator Can Reverse a Transaction Entered into by a Company