Question
When shall a corporate debtor be deemed to have given a
preference as per the provisions of preferential transactions under the IBC?Solution
Section 43-Preferential transactions and relevant time: (2) A corporate debtor shall be deemed to have given a preference, if— (a) there is a transfer of property or an interest thereof of the corporate debtor for the benefit of a creditor or a surety or a guarantor for or on account of an antecedent financial debt or operational debt or other liabilities owed by the corporate debtor; and (b) the transfer under clause (a) has the effect of putting such creditor or a surety or a guarantor in a beneficial position than it would have been in the event of a distribution of assets being made in accordance with section 53.
- What is one of the initiatives under AMFI's efforts to make mutual fund investing more accessible?
Which company has launched India's first-ever UPI-ATM as a White Label ATM (WLA) with the National Payments Corporation of India (NPCI offering cardless...
Under the CEPA framework, India and UAE are primarily exploring cooperation in which sectors?Â
Under the revised guidelines of the Market Intervention Scheme (MIS), what is the new procurement limit for perishable crops when prices fall significan...
- Which organization partnered with WhatsApp for the ‘Scam Se Bacho’ campaign to combat telecom fraud?
Godrej Capital has signed a strategic memorandum of understanding (MOU) with which of the following bank to deepen their partnership, wherein the latter...
Which of the following is a key change introduced in the new Income Tax Bill tabled in Lok Sabha?
Exercise AJEYA WARRIOR is a biennial training event being held with an aim to build positive military relations, i and promote the ability to operate ...
Which small finance bank had its MD & CEO, Inderjit Camotra, reappointed for an additional two years by the Reserve Bank of India?
How many new jobs are projected globally by 2030, as per the WEF Future of Jobs Report 2025?