Liabilities and rights of certain persons fraudulently preferred.

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..... audulent preference of a person interested in property mortgaged or charged to secure the company s debt, then, without prejudice to any rights or liabilities arising, apart from this provision, the person preferred shall be subject to the same liabilities, and shall have the same rights, as if he had undertaken to be personally liable as a surety for the debt, to the extent of the mortgage or cha .....

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..... s not necessary so to do for the purposes of the winding up, and for that purpose, may give leave to bring in the surety or guarantor as a third party as in the case of a suit for the recovery of the sum paid. (4) The provisions of sub-section (3) shall apply mutatis mutandis in relation to transactions other than payment of money. - - statute, statutory provisions legislation, law, e .....

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