Mr. Saurabh Kumar Tikmani, the Resolution Professional (RP) of Talwalkars Healthclubs Limited (Corporate Debtor), filed an application (IA No. 421/2022) to declare a transaction as preferential under Section 43 of the Insolvency and Bankruptcy Code, 2016. The applicant claimed that Rs.76 Lakhs was receivable from M/s Talwalkas Club Systems Private Limited (Respondent) as a preferential transaction. The applicant sought directions for the respondent to pay the amount with 12% interest. The claim was based on a Transaction Audit Report indicating that the Respondent received a payment of INR 76 Lakhs from the Corporate Debtor during the period two years prior to the ICD, with the amount receivable as of 31.08.2019. The payment was stated to have been made between 10

Mr. Saurabh Kumar Tikmani, the Resolution Professional (RP) of Talwalkars Healthclubs Limited (Corporate Debtor), filed an application (IA No. 421/2022) to declare a transaction as preferential under Section 43 of the Insolvency and Bankruptcy Code, 2016. The applicant claimed that Rs.76 Lakhs was receivable from M/s Talwalkas Club Systems Private Limited (Respondent) as a preferential transaction. The applicant sought directions for the respondent to pay the amount with 12% interest. The claim was based on a Transaction Audit Report indicating that the Respondent received a payment of INR 76 Lakhs from the Corporate Debtor during the period two years prior to the ICD, with the amount receivable as of 31.08.2019. The payment was stated to have been made between 10