Supreme CourtSupreme Court of IndiaAnuj Jain v. Axis Bank (2020): preferential transactions and the third-party mortgagee under the IBCThe Supreme Court's Section 43 test for avoidable preferences, and its holding that a corporate debtor's third-party security for a holding company's debt does not make a lender a financial creditor.Valkya Editorial·15 Jun 2026·8 min