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IBC - Highlights / Catch Notes

Home Highlights April 2023 Year 2023 This

Preferential Transactions - The expression “financial affairs of ...

Insolvency and Bankruptcy

April 28, 2023

Preferential Transactions - The expression “financial affairs of the Corporate Debtor” cannot be given an extended meaning as contended by Learned Counsel for the Appellants that all financial transactions done by the Corporate Debtor is covered within expression “financial affairs’ hence the loan taken by the corporate debtor from different related and non-related parties is part of the financial affairs cannot be accepted - AT

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