Section 43 of IBC
Sir yh jo new value boli hai isme jo yh release by transferee of property previously transferred to such transferee in a transaction'' wali line smjha dijiye because mne yh lecture mai dubra dekh k krr lena tha but watch time over ho gya hai toh dekhh nhi skti
Toh aap yh doubt solve krr dijiye
'release by transferee of property previously transferred to such transferee in a transaction' means if any transaction happened previously in which property of the company was transferred to the person and now he is transferring the property again to the Company it will be included in 'new value'. For example if in a transaction A ltd transferred its property of Rs. 1 Lakh to B and B has transferred it again to A Ltd. this will be considered as new value and security interest created for this will not be considered as preferential transaction.
by Shubhamm Sir
at 24-Nov-2022 05:36 AM