Section 46: Relevant period for 1[undervalued] transactions
(1) In an application for 2[avoidance of an undervalued transaction], the liquidator or the resolution professional, as the case may be, shall demonstrate that ––
(a) such transaction was made with any person within the 3[period starting from] one year preceding the 4[initiation date and ending on the insolvency commencement date]; or
(b) such transaction was made with a related party within the 3[period starting from]two years preceding the 4[initiation date and ending on the insolvency commencement date].
(2) The Adjudicating Authority may require an independent expert to assess evidence relating to the value of the transactions mentioned in this section.
Foot Note:
1 Subs by the Insolvency and Bankruptcy Code (Amendment) Act, 2026
2 Subs by the Insolvency and Bankruptcy Code (Amendment) Act, 2026
3 Subs by the Insolvency and Bankruptcy Code (Amendment) Act, 2026
4 Subs by the Insolvency and Bankruptcy Code (Amendment) Act, 2026
1 Subs by the Insolvency and Bankruptcy Code (Amendment) Act, 2026
2 Subs by the Insolvency and Bankruptcy Code (Amendment) Act, 2026
3 Subs by the Insolvency and Bankruptcy Code (Amendment) Act, 2026
4 Subs by the Insolvency and Bankruptcy Code (Amendment) Act, 2026