Look back period extension beyond 2 years for related party transaction u/s. 43 not allowed

Sidharth Bharatbhushan Jain Vs State Bank of India (NCLAT Delhi) NCLAT Delhi held that extension of look back period beyond 2 years for related party transactions under section 43 of the Insolvency and Bankruptcy Code is not allowable. Facts-This  appeal is against an impugned order dated 09.11.2023 whereby an application filed u/s. 43 of the Code was allowed by NCLT. Appellant submits the Corporate Debtor had supplied certain goods to M/s Pratap Associates, an HUF firm of Appellant No.3 herein and hence a related party. Such goods were supplied before 23.05.2018 and the amount outstanding ag...