Delhi High Court - IBC
Delhi High Court - IBC

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.
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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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