https://www.taxtmi.com/acts?id=31021 Preferential transactions are avoidable where the corporate debtor, at the relevant time, transfers property or an interest in property to benefit a creditor, surety, or guarantor for antecedent debt or liability, and thereby places that person in a better position than distribution under insolvency waterfall rules. Exclusions apply for transfers in the ordinary course of business and certain security interests supporting new value. Relevant time is two years for related parties and one year for others. en-us Tue, 02 Jan 2018 14:25:00 +0530 Tue, 26 May 2026 11:49:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31021 Preferential transactions are avoidable where the corporate debtor, at the relevant time, transfers property or an interest in property to benefit a creditor, surety, or guarantor for antecedent debt or liability, and thereby places that person in a better position than distribution under insolvency waterfall rules. Exclusions apply for transfers in the ordinary course of business and certain security interests supporting new value. Relevant time is two years for related parties and one year for others. Act-Rules IBC Tue, 02 Jan 2018 14:25:00 +0530 https://www.taxtmi.com/acts?id=31021