https://www.taxtmi.com/caselaws?id=784527 Under insolvency law, a sale transaction was not shown to be void or fraudulent merely on an allegation that it lacked consideration and was intended to defeat creditors. The applicant had to prove fraudulent intent or a fraudulent purpose, but the record showed no pending creditor claim or suit at the time of sale, the debtor was classified as NPA only later, and the property was later described in the debtor's prospectus as already sold. The registered sale deed contained a recital of payment, attracting a presumption of due execution, and that presumption was not rebutted by cogent evidence. The SC found the concurrent factual findings of the NCLT and NCLAT plausible and declined appellate interference. en-us Thu, 07 Aug 2025 00:00:00 +0530 Wed, 07 Jan 2026 08:03:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784527 Under insolvency law, a sale transaction was not shown to be void or fraudulent merely on an allegation that it lacked consideration and was intended to defeat creditors. The applicant had to prove fraudulent intent or a fraudulent purpose, but the record showed no pending creditor claim or suit at the time of sale, the debtor was classified as NPA only later, and the property was later described in the debtor's prospectus as already sold. The registered sale deed contained a recital of payment, attracting a presumption of due execution, and that presumption was not rebutted by cogent evidence. The SC found the concurrent factual findings of the NCLT and NCLAT plausible and declined appellate interference. Case-Laws IBC Thu, 07 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784527