https://www.taxtmi.com/caselaws?id=96892 The court allowed the liquidator's appeal, declaring that payments made into the company's bank account after May 10 constituted fraudulent preferences. The court found overwhelming evidence indicating the intent to prefer the bank over other creditors, especially considering the company's financial situation and the timing of the payments. The court clarified that the absence of direct evidence does not preclude inferring intent to prefer from circumstantial evidence and emphasized that the intention to prefer must be the primary motive behind such payments. en-us Thu, 20 May 1943 00:00:00 +0630 Fri, 16 Feb 2018 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96892 The court allowed the liquidator's appeal, declaring that payments made into the company's bank account after May 10 constituted fraudulent preferences. The court found overwhelming evidence indicating the intent to prefer the bank over other creditors, especially considering the company's financial situation and the timing of the payments. The court clarified that the absence of direct evidence does not preclude inferring intent to prefer from circumstantial evidence and emphasized that the intention to prefer must be the primary motive behind such payments. Case-Laws Companies Law Thu, 20 May 1943 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=96892