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.
When male flowers are borne on one plant and female flower on a different plant the species is
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