https://www.taxtmi.com/caselaws?id=109530 The court held that the transactions involving flat Nos. 8, 16, and 17 constituted fraudulent preferences under Sections 531 and 531A of the Companies Act. The transfers were not made in good faith or for valuable consideration, leading to a preference for certain creditors. As a result, the flats vested in the Official Liquidator, and the request to deseal them was denied. The judgment stressed the need to prevent fraudulent preferences to maintain fair treatment of all creditors in the winding-up proceedings. en-us Fri, 21 Mar 2003 00:00:00 +0530 Tue, 10 Apr 2012 16:31:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109530 The court held that the transactions involving flat Nos. 8, 16, and 17 constituted fraudulent preferences under Sections 531 and 531A of the Companies Act. The transfers were not made in good faith or for valuable consideration, leading to a preference for certain creditors. As a result, the flats vested in the Official Liquidator, and the request to deseal them was denied. The judgment stressed the need to prevent fraudulent preferences to maintain fair treatment of all creditors in the winding-up proceedings. Case-Laws Companies Law Fri, 21 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109530