https://www.taxtmi.com/caselaws?id=406406 The Tribunal dismissed the Application seeking repayment from related parties, as the Resolution Professional failed to meet regulatory timelines and provide adequate evidence to establish preferential transactions. The Tribunal emphasized the importance of proper documentation and adherence to prescribed timelines in addressing preferential transactions under Section 43 of the I&B Code, ultimately leading to the rejection of the claim. en-us Thu, 08 Apr 2021 00:00:00 +0530 Wed, 14 Apr 2021 08:46:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406406 The Tribunal dismissed the Application seeking repayment from related parties, as the Resolution Professional failed to meet regulatory timelines and provide adequate evidence to establish preferential transactions. The Tribunal emphasized the importance of proper documentation and adherence to prescribed timelines in addressing preferential transactions under Section 43 of the I&B Code, ultimately leading to the rejection of the claim. Case-Laws Insolvency and Bankruptcy Thu, 08 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406406