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IBC - Highlights / Catch Notes

Home Highlights August 2023 Year 2023 This

Preferential Transactions - Validity of impugned order - error ...

Insolvency and Bankruptcy

August 8, 2023

Preferential Transactions - Validity of impugned order - error in accepting the conclusions in Forensic Report - the Transactions that took place between the period from 27.12.2019 and 12.04.2021 - CIRP beginning date, was 21.12.2021 - As far as the present case is concerned, on account of the Preferential Transactions, the Individual and the Companies, were gained at the cost of Creditors and in Law - Recovery with interest was rightly ordered by NCLT - AT

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