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The Supreme Court of India decided on appeals regarding the avoidance of certain mortgage transactions by Jaypee Infratech Limited (JIL), which were deemed preferential, undervalued, and fraudulent under the Insolvency and Bankruptcy Code, 2016. The National Company Law Tribunal initially upheld the avoidance, but the Appellate Tribunal reversed this decision, leading to the current appeal. The Court concluded that the transactions did not fall within the ordinary course of business and that the lenders of

Author

aditi shelke

Language

EN