https://www.taxtmi.com/caselaws?id=772086 AT upheld the order finding preferential transactions under IBC Sections 43 and 44. Payments made to related parties during look back period were deemed to put recipients in a more favorable position than potential asset distribution. The Tribunal rejected appellants' arguments that transactions were in ordinary course of business, noting the Corporate Debtor's financial distress. Directed recipients to refund amounts within 30 days, effectively setting aside the preferential transactions. en-us Wed, 07 May 2025 00:00:00 +0530 Tue, 03 Jun 2025 11:18:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772086 AT upheld the order finding preferential transactions under IBC Sections 43 and 44. Payments made to related parties during look back period were deemed to put recipients in a more favorable position than potential asset distribution. The Tribunal rejected appellants' arguments that transactions were in ordinary course of business, noting the Corporate Debtor's financial distress. Directed recipients to refund amounts within 30 days, effectively setting aside the preferential transactions. Case-Laws IBC Wed, 07 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772086