4E+WWhere a liability has been discharged before the ending of the concession which if it had subsisted immediately before the ending of the concession would have fallen to be transferred to the highway authority, nothing in the M1Insolvency Act 1986—
(a)affects the validity of anything done by the concessionaire or any other person in discharging the liability,
(b)authorises a court to make an order affecting the property of, or imposing an obligation on, any person in consequence of or in connection with the receipt by him or by any other person of a payment made, property transferred or other benefit provided by the concessionaire or any other person in discharging that liability, or
(c)shall be treated as giving rise to a trust affecting money or property so transferred.
Marginal Citations