2025 (7) TMI 805 - SCH - IBC

CIRP - Fraudulent Transactions or transaction in the normal course of business with the Corporate Debtor - appellant submits that they have availed financial assistance to overcome their financial distress and therefore transactions should have been treated as normal commercial transaction - existence of malafide intention or wilful misconduct or not - Section 66 of the I B Code 2016 - it was held by NCLAT that this Appellate Tribunal comes to definitive conclusion that there is no error in the impugned order . HELD THAT - There are no good reason to interfere with the impugned orders - appeal dismissed.

Summary

The Supreme Court, through Justices J. B. Pardiwala and R. Mahadevan, condoned the delay in re-filing the appeals but found "no good reason to interfere with the impugned orders dated 29-03-2023 & 27-09-2023" of the National Company Law Appellate Tribunal, New Delhi. Consequently, the appeals were dismissed, and all pending applications were disposed of.