|National Company Law Appellate Tribunal
Section 43 IBC | Transfer to Related Party Only Preferential If Linked to Antecedent Debt: NCLAT
The NCLAT ruled that a Rs. 8.92 lakh transfer to a sister concern qualifies as preferential under Section 43 IBC because it repaid an antecedent debt, while a Rs. 39 lakh transfer does not - establishing that mere inter-company transfers without underlying debt obligations cannot be voided as preferential. This clarifies the threshold for creditor benefit in related-party transactions during insolvency, impacting resolution professionals and corporate directors alike.