Principles of Avoidable Preferential Transactions
Elements of Avoidable Preferential Specified Transactions under IBC 2016 As per the 2016 Insolvency and Bankruptcy Code, Section 43 to 51 deals with avoidable transactions. These transactions are also kept referring to as vulnerable transactions. In case of code, there are three types of avoidable transactions. These are preferential transactions, undervalued transactions, and extortionate credit …