Question

A preference shall be deemed to be given at a relevant

Q: Answer-A preference shall be deemed to be given at a relevant time under the IBC if it is given to a relate...

Two years preceding the insolvency commencement date, Explanation Section 43-Preferential transactions and relevant time 4 A preference shall be deemed to be given at a relevant time, if a it is given to a related party other than by reason only of being an employee, during the period of two years preceding the insolvency commencement date or b a preference is given to a person other than a related party during the period of one year preceding the insolvency commencement date.

time under the IBC if it is given to a related party, during the period of________________________

A Two preceding financial year

B Two preceding calendar year

C Two years preceding the insolvency commencement date

D Two years after the conclusion of the insolvency process

E Such number of years as the Board may specify from time to time

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A preference shall be deemed to be given at a relevant

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