Preferential transactions and relevant time.

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.... as laid down in sub-section (2) to any persons as referred to in sub-section (4), he shall apply to the Adjudicating Authority for avoidance of preferential transactions and for, one or more of the orders referred to in section 44. (2) A corporate debtor shall be deemed to have given a preference, if- (a) there is a transfer of property or an interest thereof of the corporate debtor for the....

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....lue and was given at the time of or after the signing of a security agreement that contains a description of such property as security interest, and was used by corporate debtor to acquire such property; and (ii) such transfer was registered with an information utility on or before thirty days after the corporate debtor receives possession of such property: Provided that any transfer m....

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....the ^1[period starting from] two years preceding the ^2[initiation date and ending on the insolvency commencement date]; or (b) a preference is given to a person other than a related party during the ^1A[period starting from] one year preceding the ^2A[initiation date and ending on the insolvency commencement date].     ************** NOTES:- ** Come into the fo....