No limitation to look back when transaction held to be fraudulent under IBC

Anubhav Anilkumar Aggarwal Vs Rajendra Kumar Girdhar (NCLAT Delhi) NCLAT Delhi held that once a transaction has been held to a fraudulent transaction there is no limitation to look back if the other ingredients of Section 66 (1) of the Insolvency and Bankruptcy Code are satisfied. Accordingly, appeal of appellants is dismissed. Facts- The instant appeal challenges an order dated 07.05.2024 passed by Ld. NCLT Mumbai allowing IA 2853/2021 moved by the Resolution Professional of Corporate Debtor under Section 66 of the Insolvency and Bankruptcy Code, directing the erstwhile directors of Chamber ...