Section 61: Powers of the Court in relation to voidable transactions

1) Where the Court is satisfied that any transaction is voidable, the Court may issue orders as follows:

(a) To order the concerned person to pay to the liquidator some or all of the amounts paid by the company in connection with such transaction,

(b) To order the concerned person to hand over to the liquidator the asset so transacted or an amount equivalent thereto,

(c) To order that the debt obtained by the company through such transaction or the collateral or guarantee furnished by the company for that debt be fully or partly remitted or released,

(d) To order that any remission or agreement entered into between the company and any other person in consequence of the voidable transaction be void, operative or unenforceable.

2) The Court may also issue any such other additional order any may be required to enforce the order issued pursuant to sub-section (1).