Question

As laid down under section 43 of the IBC a preference by a corporate debtor shall not include_______________

A Transfer made in the ordinary course of the business or financial affairs of the corporate debtor or the transferee
B Any transfer creating a security interest in property acquired by the corporate debtor to the extent that such transfer was registered with an information utility on or before thirty days after the corporate debtor receives possession of such property
C Any transfer creating a security interest in property acquired by the corporate debtor to the extent that such transfer was registered with an information utility on or before sixty days after the corporate debtor receives possession of such property
D Both a & b
E Both b & c
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)