Section 425(1)

Without prejudice to the generality of section 423, an order made under that section with respect to a transaction may (subject as follows)— require any property transferred as part of the transaction to be vested in any person, either absolutely or for the benefit of all the persons on whose behalf the application for the order is treated as made; require any property to be so vested if it represents, in any person’s hands, the application either of the proceeds of sale of property so transferred or of the money so transferred; release or discharge (in whole or in part) any security given by the debtor; require any person to pay to any other person in respect of benefits received from the debtor such sums as the court may direct; provide for any surety or guarantor whose obligations to any person were released or discharged (in whole or in part) under the transaction to be under such new or revived obligations as the court thinks appropriate; provide for security to be provided for the discharge of any obligation imposed by or arising under the order, for such an obligation to be charged on any property and for such security or charge to have the same priority as a security or charge released or discharged (in whole or in part) under the transaction.

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Source: legislation.gov.uk · retrieved 2026-09-04