https://www.taxtmi.com/acts?id=17625 A company gives a fraudulent preference if it places a creditor, surety or guarantor in a better position for liquidation by doing or suffering an act; where such preferential transfers or payments occur within the prescribed pre-winding up period the Tribunal may declare the transaction invalid and order restoration to the position that would have existed but for the preference. en-us Sat, 02 Mar 2013 15:35:30 +0530 Sat, 25 May 2024 17:08:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17625 A company gives a fraudulent preference if it places a creditor, surety or guarantor in a better position for liquidation by doing or suffering an act; where such preferential transfers or payments occur within the prescribed pre-winding up period the Tribunal may declare the transaction invalid and order restoration to the position that would have existed but for the preference. Act-Rules Companies Law Sat, 02 Mar 2013 15:35:30 +0530 https://www.taxtmi.com/acts?id=17625