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Transfer of property by corporate debtor to an un-related person couldn't be said to be preferential transfer

May 7, 2019[2019] 106 219 (NCL-AT)

IBC : Where corporate debtor being real estate developer transferred land allotted to it by Noida Authority to respondents, since, respondents were not related party to corporate debtor nor transfer had been made during one year preceding insolvency commencement date, it could not be said that said transfer being preferential transfer had been carried out with an intent to defraud creditors

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