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Title
The sale of the instant land to the Defendant, who is insolvent, is a fraudulent act by which the debtor is in a state of insolvency.
Summary
(Judgment without Oral Proceedings) The sale of the land in this case to a defendant with a special relationship as a debtor who is insolvent constitutes a fraudulent act which causes the creditors to lack of joint security.
Related statutes
Article 30 of the National Tax Collection Act
Cases
2016 Ghana 57505 Revocation of Fraudulent Act
Plaintiff
Korea
Defendant
KimA
Conclusion of Pleadings
Pleadings without Oral Proceedings
Imposition of Judgment
August 26, 2016
Text
1. Revocation of a trade reservation made on November 1, 2005 between the defendant and the non-party KimB (**************) with respect to the real estate listed in the separate sheet.
2. The defendant will implement the procedure for cancellation of the provisional registration of the right to claim transfer of ownership, which was completed on November 1, 2005 by the head of ○○ District Court ○○○○ Branch ○○○ on the real estate listed in the separate sheet to KimB.
3. The costs of lawsuit shall be borne by the defendant.
Cheong-gu Office
The same shall apply to the order.
Reasons
1. Indication of claim;
The reasons for the attached Form shall be as shown in the attached Form.
2. Applicable provisions;
Article 208(3)1 of the Civil Procedure Act (Judgment without Holding Any Pleadings)