The Presidency-Towns Insolvency Act, 1909

Section 55. Avoidance of voluntary transfer

In force · As amended up to 2026-08

55. Avoidance of voluntary transfer.-- Any transfer of property, not being a transfer made before any 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 within two years after the date of the transfer, be void against the official assignee.

Source: India Code