Anuj Jain Interim Resolution ... vs Axis Bank Limited

The Supreme Court addressed the issue of whether certain transactions were preferential under the Insolvency and Bankruptcy Code, 2016. The court analyzed the nature of the transactions and the implications of the NCLT's order. Ultimately, the court upheld the findings of the lower authorities, affirming that the transactions in question were indeed preferential, thereby reinforcing the principles governing insolvency proceedings.