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Application for avoidance of preferential transactions cannot survive when CIRP process comes to an end: HC

November 28, 2020[2020] 121 taxmann.com 346 (Delhi)
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IBC : Once CIRP process itself comes to an end, an application for avoidance of preferential transactions cannot survive or be adjudicated for reason that purpose of avoidance of transactions is clearly for benefit of creditors of corporate debtor and no benefit would come to creditors after Plan is approved

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