Question
When can a creditor, member, or partner of a corporate
debtor apply to the Adjudicating Authority to declare undervalued transactions void and reverse its effects, as per the Insolvency and Bankruptcy Code??Solution
IBC If the liquidator or resolution professional has not reported the transaction, Section 47 (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.
Plants that grow in saline water are called?
Who among the following was a prominent leader of the Indian National Army (INA)
Which of the following represents a conventional form of lending to weaker sections under the formal sector?
Who is known as Bihar Kesari?
In which year was Manika Batra awarded the Major Dhyan Chand Khel Ratna?
India's first underwater metro has been built in which state/union territory?
Adani Airports has appointed ______ as its Chief Executive Officer?
Where did the Prime Minister of India Shri Narendra Modi inaugurated the Homi Bhabha Cancer Hospital and Research Center ?
According to the "Women and Men in India 2023" report, what is the Maternal Mortality Ratio (MMR) that India achieved during 2018-20, and how does it al...
India will be at second position preceded by China in terms of population by the year______ which will grow upto 675 million.
Relevant for Exams:
