In force · As amended up to 2026-08
53. Avoidance of voluntary transfer. —Any transfer of property not being a transfer made before and in consideration of marriage or made in favour of a purchaser or incumbrancer in good faith and for valuable consideration shall, if the transferor is adjudged insolvent[1] [on a petition presented] within two years after the date of the transfer, be void able as against the receiver and may be annulled by the Court.
Source: India Code