CIRP Proceedings - scope of preferential transactions - It was ...
Insolvency and Bankruptcy
March 31, 2020
CIRP Proceedings - scope of preferential transactions - It was submitted that the "corporate debtor" paid a sum of ₹ 2,50,00,000 towards part payment of principal amount to the appellant on October 29, 2016 which is more than one year before the commencement date of initiation of the "corporate insolvency resolution process", therefore, it cannot be termed to be "preferential transactions". - The contention rejected.
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