Question

A preference shall be deemed to be given at a relevant time under the IBC a preference is given to a person other than a related party during the period of _____________

A One year preceding the insolvency commencement date
B Two years preceding the insolvency commencement date
C One hundred and twenty days preceding the insolvency commencement date
D One year after the conclusion of the insolvency commencement date
E No such specific time period has been laid down under the Code
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