The following Restructuring & Insolvency Q&A produced in partnership with Caroline Clark provides comprehensive and up to date legal information covering:
Section 127(1) of the Insolvency Act 1986 (IA 1986) provides that in a compulsory liquidation, any disposition of the company's property after the commencement of the winding up (ie after the date that the winding up petition was presented) is void.
For more information, see Practice Note: Validation orders—dispositions of property after commencement of winding up.
IA 1986, s 127(1) could cause a problem if the charge granted after the date of the presentation of the
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