https://www.taxtmi.com/caselaws?id=441280 The Liquidator's appeal challenging the validity of a sale deed as a fraudulent transaction under Section 66 of the Insolvency and Bankruptcy Code was dismissed. The Adjudicating Authority found the Liquidator failed to prove the sale was fraudulent, emphasizing the payment evidence and recitals in the sale deed as sufficient to uphold the transaction's validity. The Tribunal concluded that the delay in registration was justified due to prior encumbrances, and the respondent's continuous possession of the property since 1989 was deemed evidence of a genuine transaction, leading to the dismissal of the appeal. en-us Wed, 02 Aug 2023 00:00:00 +0530 Fri, 04 Aug 2023 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441280 The Liquidator's appeal challenging the validity of a sale deed as a fraudulent transaction under Section 66 of the Insolvency and Bankruptcy Code was dismissed. The Adjudicating Authority found the Liquidator failed to prove the sale was fraudulent, emphasizing the payment evidence and recitals in the sale deed as sufficient to uphold the transaction's validity. The Tribunal concluded that the delay in registration was justified due to prior encumbrances, and the respondent's continuous possession of the property since 1989 was deemed evidence of a genuine transaction, leading to the dismissal of the appeal. Case-Laws Insolvency and Bankruptcy Wed, 02 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441280