https://www.taxtmi.com/caselaws?id=412044 The Tribunal upheld the Impugned Order, declaring the sale deed dated 04.07.2018 as a preferential transaction under Section 43 of the Insolvency and Bankruptcy Code, 2016. The transaction did not qualify for the exception under Clause (a) of Sub Section (3) of Section 43, as it was not in the ordinary course of business and favored the Appellant over other creditors. The Tribunal found the transaction prejudicial to other creditors and dismissed the Appeal, affirming the preferential nature of the transaction. en-us Fri, 27 Aug 2021 00:00:00 +0530 Wed, 08 Sep 2021 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412044 The Tribunal upheld the Impugned Order, declaring the sale deed dated 04.07.2018 as a preferential transaction under Section 43 of the Insolvency and Bankruptcy Code, 2016. The transaction did not qualify for the exception under Clause (a) of Sub Section (3) of Section 43, as it was not in the ordinary course of business and favored the Appellant over other creditors. The Tribunal found the transaction prejudicial to other creditors and dismissed the Appeal, affirming the preferential nature of the transaction. Case-Laws Insolvency and Bankruptcy Fri, 27 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412044