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of <h1>Deposit purpose fulfilled before liquidation: Petitioners not preferential creditors. Appeal dismissed.</h1> The petitioners were not considered preferential creditors of the bank as the purpose for their deposit was fulfilled before the bank's liquidation. The ... Winding up – Overriding preferential payments The appeal was against a decision that the petitioners were not preferential creditors of the bank. The petitioners deposited money for a specific purpose, but the purpose was fulfilled before the bank went into liquidation. Therefore, the petitioners are not preferential creditors. The appeal was dismissed.
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