https://www.taxtmi.com/caselaws?id=96878 Where a voluntary winding up is followed by a compulsory winding up, the petition for compulsory winding up is the operative date for computing the three-month period under the fraudulent preference rule. On that basis, an assignment made more than three months before the petition fell outside the statutory avoidance period and was not void as a fraudulent preference. The evidence was nevertheless sufficient to support an inference of intent to prefer, because some creditors were left unpaid while the appellant and others were satisfied by transfer of promissory notes or other valuable securities. en-us Wed, 29 Jul 1942 00:00:00 +0530 Wed, 11 Jan 2012 17:50:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96878 Where a voluntary winding up is followed by a compulsory winding up, the petition for compulsory winding up is the operative date for computing the three-month period under the fraudulent preference rule. On that basis, an assignment made more than three months before the petition fell outside the statutory avoidance period and was not void as a fraudulent preference. The evidence was nevertheless sufficient to support an inference of intent to prefer, because some creditors were left unpaid while the appellant and others were satisfied by transfer of promissory notes or other valuable securities. Case-Laws Companies Law Wed, 29 Jul 1942 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96878