https://www.taxtmi.com/caselaws?id=767051 NCLAT Chennai dismissed the appeal challenging preferential transaction orders under Section 43 of IBC 2016. The court held that appellants failed to discharge their burden under Section 101 of Evidence Act to prove transactions were conducted in ordinary course of business. The adjudicating authority correctly relied on unrebutted forensic audit reports identifying preferential transactions. Appellants could not establish exceptions under Section 43(3) of IBC. The court directed restoration of amounts totaling Rs. 61,33,107 to respondents, upholding the lower authority's findings based on sound logical reasoning and proper consideration of evidence. en-us Thu, 06 Mar 2025 00:00:00 +0530 Mon, 10 Mar 2025 08:42:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767051 NCLAT Chennai dismissed the appeal challenging preferential transaction orders under Section 43 of IBC 2016. The court held that appellants failed to discharge their burden under Section 101 of Evidence Act to prove transactions were conducted in ordinary course of business. The adjudicating authority correctly relied on unrebutted forensic audit reports identifying preferential transactions. Appellants could not establish exceptions under Section 43(3) of IBC. The court directed restoration of amounts totaling Rs. 61,33,107 to respondents, upholding the lower authority's findings based on sound logical reasoning and proper consideration of evidence. Case-Laws IBC Thu, 06 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767051