165 Adjustment of prior transactions
Companies Act 1989 (1989 c 40) | Legislation

165  Adjustment of prior transactions

(1)     No order shall be made in relation to a transaction to which this section applies under—

(a)     section 238 or 339 of the Insolvency Act 1986 (transactions at an under-value),

(b)     section 239 or 340 of that Act (preferences), or

(c)     section 423 of that Act (transactions defrauding creditors),

(2)     As respects Scotland, no decree shall be granted in relation to any such transaction—

(a)     under section [98 or 99 of the Bankruptcy (Scotland) Act 2016] or section

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