ANUJ JAIN INTERIM RESOLUTION PROFESSIONAL FOR JAYPEE INFRATECH LIMITED vs AXIS BANK LIMITED

The Supreme Court addressed the issue of whether certain transactions were preferential under Section 43 of the Insolvency and Bankruptcy Code, 2016. The court analyzed the definitions and requirements of preferential transactions, concluding that the transactions in question fell within the ambit of Section 43(2). The court affirmed the findings of the lower tribunals, categorizing the lenders as financial creditors and emphasizing the importance of the look-back period in determining preferential treatment.