Section 73: Transfer to Defraud Revenue void
Where, during the pendency of any proceeding under this Act , any person liable to pay any tax or other dues creates a charge on or transfers, any movable or immovable property belonging to him in favour of any other person with the intention of defrauding any such tax or other dues, such charge or transfer shall be void as against any claim in respect of any tax or other dues payable by such person as a result of the completion of the said proceedings:
Provided that nothing in this Section shall impair the rights of a transferee in good faith and consideration.
