https://www.taxtmi.com/caselaws?id=381057 The Adjudicating Authority dismissed the Resolution Professional's applications under various sections of the Insolvency and Bankruptcy Code, 2016, alleging preferential transfers by the Corporate Debtor to defraud creditors. The Authority found no evidence of preferential, undervalued, extortionate credit, or fraudulent transactions. The transactions in question occurred in 2009-10, with proper documentation and no fraudulent intent. Consequently, the appeals were rejected, and the Resolution Professional's claims were not substantiated, resulting in dismissal without costs. en-us Thu, 02 May 2019 00:00:00 +0530 Mon, 03 Jun 2019 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381057 The Adjudicating Authority dismissed the Resolution Professional's applications under various sections of the Insolvency and Bankruptcy Code, 2016, alleging preferential transfers by the Corporate Debtor to defraud creditors. The Authority found no evidence of preferential, undervalued, extortionate credit, or fraudulent transactions. The transactions in question occurred in 2009-10, with proper documentation and no fraudulent intent. Consequently, the appeals were rejected, and the Resolution Professional's claims were not substantiated, resulting in dismissal without costs. Case-Laws Insolvency and Bankruptcy Thu, 02 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381057