https://www.taxtmi.com/caselaws?id=434859 The Tribunal upheld the Adjudicating Authority's decision, declaring transactions between the appellants and the corporate debtor as preferential, undervalued, and fraudulent under Sections 43, 45, and 66 of the Insolvency and Bankruptcy Code. The Option Agreements were deemed null and void, and claims by the appellants were found not binding on the corporate debtor. The transactions were considered avoidance transactions, leading to the dismissal of the appeals with no costs awarded. en-us Fri, 03 Mar 2023 00:00:00 +0530 Mon, 06 Mar 2023 11:18:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434859 The Tribunal upheld the Adjudicating Authority's decision, declaring transactions between the appellants and the corporate debtor as preferential, undervalued, and fraudulent under Sections 43, 45, and 66 of the Insolvency and Bankruptcy Code. The Option Agreements were deemed null and void, and claims by the appellants were found not binding on the corporate debtor. The transactions were considered avoidance transactions, leading to the dismissal of the appeals with no costs awarded. Case-Laws Insolvency and Bankruptcy Fri, 03 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434859