ADVOKS GLOBAL · KENYA
Insolvency Act
209. Court may order retransfer of property or payment of an equivalent value
Edition: 2022-12-31 · In force
209. Court may order retransfer of property or payment of an equivalent value
(1)On the cancellation of an irregular transaction under which property of the bankrupt, or an interest in property of the bankrupt, was transferred, the Court may make an order—(a)for the retransfer to the bankruptcy trustee of the property or interest in the property; or(b)for payment to the bankruptcy trustee of such amount as the Court considers appropriate, but the amount may not be greater than the value of the property, or interest in the property, at the time when the transaction was cancelled.(2)The Court may make any other order for the purpose of giving effect to an order under subsection (1).(3)An order under subsection (1) is in addition to any other rights and remedies available to the bankruptcy trustee, and this section does not affect those rights and remedies.