Suraksha Realty NCLAT Appeal Dismissed on Preferential Transaction

NCLAT dismissed Suraksha Realty's appeal against NCLT order declaring its mortgage as preferential transaction under IBC.
Mortgage deed executed in July 2021 secured 2014 debt, improving creditor position within one-year look-back period.
Tribunal found transaction not in ordinary course of business, upholding resolution professional's avoidance application.
Appellant's secured creditor status revoked, security interest directed to be released under Section 43 of IBC.