Section 450, The Companies Act, 2009

(1) Where a company is being wound up, a floating chargeon the undertaking or property of the company created within 6 months of the commencement of the winding up shall, unless it is proved that the company immediately after the creation of the charge was solvent, be invalid, except to the amount of any cash paid to the company at the time of or subsequent to the creation of, and in consideration for, the charge, together with interest on that amount. (2) Interest under subsection (1) shall be at prevailing bank rate.