Avoidance application under Sec 43 IBC does not survive beyond conclusion of CIRP: Delhi High Court

The Court has held that the continuation of a Resolution Professional beyond CIRP for the purpose of prosecuting an avoidance application is beyond the contemplation of IBC.
Avoidance application under Sec 43 IBC does not survive beyond conclusion of CIRP: Delhi High Court
Delhi High Court - IBC

The Delhi High Court has held that avoidance applications relating to preferential transactions under Section 43 of Insolvency & Bankruptcy Code do not survive beyond the conclusion of the insolvency resolution process. (M/s Venus Recruiters Pvt Ltd vs UOI)

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