IBC 48 — Order in cases of undervalued transactions

Insolvency & Bankruptcy Code, 2016

Statutory text

The  order  of  the  Adjudicating  Authority  under sub-section (1) of section 45 may provide for the following:—
(a) require any property transferred as part of the transaction, to be vested in the corporate debtor;
(b) release or discharge (in whole or in part) any security interest granted by the corporate debtor;
(c)  require  any  person  to  pay such  sums,  in  respect  of  benefits  received  by  such  person,  to  the liquidator or the resolution professional as the case may be, as the Adjudicating Authority may direct;
or (d)  require  the  payment  of  such  consideration  for  the  transaction  as  may  be  determined  by  an independent expert.

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