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 a preference is given to a...

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 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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A preference shall be deemed to be given at a relevant

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