Question: Background In December 2 0 2 2 , Alpha Retail Ltd bought a property from Beta Wholesalers Ltd at $ 1 0 0 , 0

Background
In December 2022, Alpha Retail Ltd bought a property from Beta Wholesalers Ltd at
$100,000 above market value. Bee Stone is a director of both companies and was the
majority shareholder of Beta at the time of the transaction. In March 2023, Alpha fell into
financial difficulties after a supplier failed to make a major delivery. Alpha tried to trade
out of its difficulties but became unable to pay its creditors. The High Court appointed a
liquidator for Alpha on 1 May 2024.
Required
Advise Beta whether Alphas liquidator has grounds for recovering any money from it

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