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.
Statements:
No crow is a monkey.
All monkeys are turtles.
No turtle is a snail.
Conclusions:
I. Some snails being...
Two statements I and II are given. These statements may be either independent causes or may be the effects of independent causes or a common cause. One ...
If TABLE is written as 84973 and CHAIR is written as 51462, then how is TEACHER coded?
Read the following information carefully and answer the question that follows.
Statement – Domestic investment is very less in Country-A desp...
Select the figure from among the given that will come in place of the question mark (?) and logically complete the series
Read the given statement and conclusions carefully. Assuming that the information given in the statement is true, decide which of the given conclusions ...
In a certain code language, 'A' is coded as '2', 'B' is coded as '4' and 'C' is coded as '6'. Which word will be coded as '1210108' as in that code lan...
If + means −, − means ×, × means ÷, and ÷ means +, what will be the value of the following expression?
45 × 9 ÷ 12 – 5 + 3
...Select the wrong term in the given alpha-numeric series.
H25U, I30T, J35S, K40R, L45P
Relevant for Exams:
