Section 68: Effect of annulment
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
68. Effect of annulment
(1) On the annulment of an adjudication, all property of the bankrupt
vested in the Official Receiver on bankruptcy and not sold or disposed of by
the Official Receiver shall revest in the bankrupt without the necessity for
any conveyance, transfer or assignment.
(2) Any contract, sale, disposition or payment duly made or anything duly done by the Official Receiver before the annulment—
(a) shall not be prejudiced or affected as to validity by the annulment; and
(b) shall have effect as if it had been made or done by the bankrupt
while no adjudication was in force.
Sub-Part IV – Alternatives to Bankruptcy
Section A – Composition during bankruptcy