https://www.taxtmi.com/caselaws?id=424757 A lease deed in favour of a related party was treated as grossly undervalued and fraudulent because it appeared to transfer the corporate debtor's business, was executed after notice under the SARFAESI Act, and lacked a lawful basis; it was set aside. Related-party payments made within the relevant look-back period were also found to be preferential, as the respondents gave no credible justification, and repayment to the corporate debtor was directed. The Tribunal declined to decide the trademark dispute as such, but restrained unauthorised use of the corporate debtor's property in the absence of a valid assignment. en-us Mon, 04 Jul 2022 00:00:00 +0530 Thu, 07 Jul 2022 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424757 A lease deed in favour of a related party was treated as grossly undervalued and fraudulent because it appeared to transfer the corporate debtor's business, was executed after notice under the SARFAESI Act, and lacked a lawful basis; it was set aside. Related-party payments made within the relevant look-back period were also found to be preferential, as the respondents gave no credible justification, and repayment to the corporate debtor was directed. The Tribunal declined to decide the trademark dispute as such, but restrained unauthorised use of the corporate debtor's property in the absence of a valid assignment. Case-Laws Insolvency and Bankruptcy Mon, 04 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424757