NCLAT Dismisses Appeal on Preferential Transaction in WSH Pvt. Ltd.

The NCLAT dismissed an appeal against an NCLT order that declared a transaction preferential and directed payment of Rs. 2 crore.
The tribunal found that offsetting payables and receivables between related parties without using bank accounts was a preferential transaction.
The court held the transaction occurred within the two-year look-back period and was not in the ordinary course of business.