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Chapter-7 Voidable Transactions

Section 62: Right to claim amount paid in consideration of preferential transaction

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Any creditor who pays any amount to the liquidator in relation to any preferential transaction made with the company, according to the order of the Court or for any other reason, may make a claim for that amount as a debt claim against the company in liquidation.

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Section 62: Right to claim amount paid in consideration of preferential transaction

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