https://www.taxtmi.com/caselaws?id=96627 For preferential wage claims under section 230 the relevant two month period is to be calculated from the commencement of winding up where a voluntary winding up is subsequently continued by compulsory winding up; the statute treats winding up as a continuous process and section 230(5) points to the commencement date of winding up when a voluntary winding up precedes compulsory proceedings, so wages earned within the two months before the voluntary winding up resolution rank as preferential. A contrasted English authority on fraudulent preferences was held inapplicable due to differing language and purpose. en-us Fri, 24 Nov 1933 00:00:00 +0530 Mon, 09 Jan 2012 18:20:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96627 For preferential wage claims under section 230 the relevant two month period is to be calculated from the commencement of winding up where a voluntary winding up is subsequently continued by compulsory winding up; the statute treats winding up as a continuous process and section 230(5) points to the commencement date of winding up when a voluntary winding up precedes compulsory proceedings, so wages earned within the two months before the voluntary winding up resolution rank as preferential. A contrasted English authority on fraudulent preferences was held inapplicable due to differing language and purpose. Case-Laws Companies Law Fri, 24 Nov 1933 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96627