468. Effect of floating charge
Where a company is being wound up, a floating charge on the undertaking or property of the company created within 12 months of the commencement of the winding-up is, unless it is proved that the company immediately after the creation of the charge was solvent, invalid, except to the amount of any cash paid to the company at the time of or subsequently to the creation of, and in consideration for, the charge, together with interest on that amount at the rate of 6% per year or such other rate as may be prescribed by regulation under section 535.