For section 329, the following section shall be substituted, namely:— — THE INSOLVENCY AND BANKRUPTCY CODE, 2016 Last Update 18-8-2021

21. For section 329, the following section shall be substituted, namely:— " 329. Transfers not in good faith to be void . —A —Any transfer of property, movable or immovable, or any delivery of goods, made by a company, not being a transfer or delivery made in the ordinary course of its business or in favour of a purchaser or encumbrancer in good faith and for valuable consideration, if made within a period of one year before the presentation of a petition for winding up by the Tribunal under this Act shall be void against the Company Liquidator. " .

Section 21