NCLT Orders Repayment in Autopal Industries Preferential Transactions

The NCLT allowed an avoidance application against Autopal Industries, ordering four respondents to repay amounts received as preferential transactions.
The tribunal found transactions worth INR 33.82 lakhs during the look-back period were preferential and must be repaid to the corporate debtor.
The application against Intec Capital was dismissed as the payment was made by a suspended director in his personal capacity.