Application by creditor in cases of undervalued transactions . — (1) Where an undervalued transaction has tak… — THE INSOLVENCY AND BANKRUPTCY CODE, 2016 Last Update 18-8-2021

Application by creditor in cases of undervalued transactions . — (1) Where an undervalued transaction has taken place and the liquidator or the resolution professional as the case may be, has not reported it to the Adjudicating Authority, a creditor, member or a partner of a corporate debtor, as the case may be, may make an application to the Adjudicating Authority to declare such transactions void and reverse their effect in accordance with this Chapter.

47. Application by creditor in cases of undervalued transactions . — (1) Where an undervalued transaction has taken place and the liquidator or the resolution professional as the case may be, has not reported it to the Adjudicating Authority, a creditor, member or a partner of a corporate debtor, as the case may be, may make an application to the Adjudicating Authority to declare such transactions void and reverse their effect in accordance with this Chapter. (2) Where the Adjudicating Authority, after examination of the application made under sub -section (1), is satisfied that— (a) undervalued transactions had occurred; and

Section 47