Tuesday, August 28, 2018

Consent terms introduced after commencement of winding up process could be termed as fraudulent preference: HC

CL: Where applicant entered into consent terms with company-in-liquidation after commencement of winding up proceedings i.e. recommendation of winding up by BIFR, consent decree obtained on basis of such terms was fraudulent preference within meaning of section 531

from www.taxmann.com Latest Case Laws https://ift.tt/2BTL3f5
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