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Preference transactions.

Section 165 - Act - ADMINISTRATION AND DISTRIBUTION OF THE ESTATE OF THE BANKRUPT - Insolvency and Bankruptcy Code, 2016 - Section 165 - 165. (1) The bankruptcy trustee may apply to the Adjudicating Authority for an order under this section if a bank .....

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of the application for bankruptcy. (3) Any transaction giving preference not covered under sub-section (2) should have been entered into by the bankrupt during the period of six months ending on the date of the application for bankruptcy. (4) The tra .....

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rder declaring a transaction giving preference void; (b) pass an order requiring any property transferred in respect of a transaction giving preference to be vested with the bankruptcy trustee as a part of the estate of the bankrupt; and (c) pass any .....

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