https://www.taxtmi.com/caselaws?id=769492 NCLAT Principal Bench partially allowed appeal challenging adjudicating authority's order declaring flat transfers void under Section 66 IBC. While tribunal upheld finding that consultancy charge payments were fraudulent transactions not made in good faith, it held that sale deeds for two flats could not be declared void. Appellants had paid Rs.69 lakh consideration per flat, with Rs.55.2 lakh obtained through loans still being discharged. Court ruled that mere transfer of sale proceeds to related company does not establish fraudulent sale when genuine consideration was paid and received by corporate debtor. en-us Wed, 23 Apr 2025 00:00:00 +0530 Sat, 26 Apr 2025 08:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769492 NCLAT Principal Bench partially allowed appeal challenging adjudicating authority's order declaring flat transfers void under Section 66 IBC. While tribunal upheld finding that consultancy charge payments were fraudulent transactions not made in good faith, it held that sale deeds for two flats could not be declared void. Appellants had paid Rs.69 lakh consideration per flat, with Rs.55.2 lakh obtained through loans still being discharged. Court ruled that mere transfer of sale proceeds to related company does not establish fraudulent sale when genuine consideration was paid and received by corporate debtor. Case-Laws IBC Wed, 23 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769492