IBBI NCLAT Judgement Dated 21/05/2025 – Application for avoidance of preferential transaction be filed by resolution professional only

Case of Ramprasad Vishwanath Gupta vs Dinesh Kumar Deora, NCLAT Delhi Judgement Dated 21st May 2025. The appellant authority held that statutory provisions of section 43 of the Insolvency and Bankruptcy Code [IBC] empowers resolution professional to file application for avoidance of preferential transactions. Hence, application filed by homebuyers rightly not entertained. 

(Link: NCLAT Judgement Dated 21/05/2025)

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