Section 49, The Bankruptcy Act, 2009

Where any money or property of a bankrupt has, on orafter the date of the receiving order but before notice of the order has been published in the Gazette, been paid or transferred by a person having possession of it to some other person, and the payment or transfer is, under this Act void as against the trustee in the bankruptcy, then if the person by whom the payment or transfer was made proves that when it was made he had not had notice of the receiving order, any right of recovery which the trustee may have against him in respect of the money or property shall not be enforced by any legal proceedings except where and in so far as the court is satisfied that it is not reasonably practicable for the trustee to recover in respect of the money or property or of some part thereof from the person to whom it was paid or transferred.