“…rust was a real trust imposed by statute to preserve assets of the bankrupt’s estate, which arose at the date of the disposition: In re Gray’s Inn Construction [1980] 1 WLR 711at p 716E.…”
“…In In re Gray’s Inn Construction [1980] 1 WLR 711Buckley LJ, in relation to the then comparable provision of the Companies Act 1948, section 227 This provided: “In a winding up by the court, any disposition of…”