https://www.taxtmi.com/caselaws?id=443404 The Tribunal upheld the Impugned Order in an appeal under section 61 of the Insolvency and Bankruptcy Code, ruling that certain transactions were preferential under section 43 of the IBC. The Appellant's argument that the transactions were in the ordinary course of business was rejected, and they were directed to pay the specified amount to the corporate debtor with interest at 12% per annum. The appeal was dismissed for lack of merit, with the Tribunal emphasizing the legal provisions and lack of justification provided by the Appellant. en-us Thu, 21 Sep 2023 00:00:00 +0530 Sat, 23 Sep 2023 09:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443404 The Tribunal upheld the Impugned Order in an appeal under section 61 of the Insolvency and Bankruptcy Code, ruling that certain transactions were preferential under section 43 of the IBC. The Appellant's argument that the transactions were in the ordinary course of business was rejected, and they were directed to pay the specified amount to the corporate debtor with interest at 12% per annum. The appeal was dismissed for lack of merit, with the Tribunal emphasizing the legal provisions and lack of justification provided by the Appellant. Case-Laws Insolvency and Bankruptcy Thu, 21 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443404