https://www.taxtmi.com/caselaws?id=402549 The Tribunal dismissed the application, ruling that the transactions in question did not qualify as preferential, fraudulent, or defrauding transactions under the Insolvency and Bankruptcy Code, 2016. Despite the Liquidator's claims, the Tribunal found the respondents' explanations regarding the transactions convincing and not in violation of the relevant sections of the Code. Consequently, no orders were issued against the respondents under the specified sections of the Code. en-us Tue, 04 Aug 2020 00:00:00 +0530 Fri, 09 Sep 2022 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402549 The Tribunal dismissed the application, ruling that the transactions in question did not qualify as preferential, fraudulent, or defrauding transactions under the Insolvency and Bankruptcy Code, 2016. Despite the Liquidator's claims, the Tribunal found the respondents' explanations regarding the transactions convincing and not in violation of the relevant sections of the Code. Consequently, no orders were issued against the respondents under the specified sections of the Code. Case-Laws Insolvency and Bankruptcy Tue, 04 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402549