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Preferential creditors Query from Liquidation chapter

In the solution to this question how come preferential creditor is not Rs 5000 , but 26000 ? Within 12 months supposed to be , right?

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Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

04-Nov-20 23:21

10

Answers (3)

Can someone please answer this


Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

05-Nov-20 13:29

Its mentioned that assessment is completed in July 2012. Which itself is incorrect. Read the question as July 2016.


Suraj Lakhotia

Suraj Lakhotia

Admin

05-Nov-20 18:40