Part IV Winding Up of Companies Registered under the Companies Acts
Chapter VI Winding Up by the Court
Grounds and effect of winding-up petition
127 Avoidance of property dispositions, etc.
In a winding up by the court, any disposition of the company’s property, and any transfer of shares, or alteration in the status of the company’s members, made after the commencement of the winding up is, unless the court otherwise orders, void.