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Avoidance of undervalued transactions.

Section 45 - Act - LIQUIDATION PROCESS - Insolvency and Bankruptcy - Section 45 - 45. (1) If the liquidator or the resolution professional, as the case may be, on an examination of the transactions of the corporate debtor referred to in sub-section ( .....

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t of such transaction in accordance with this Chapter. (2) A transaction shall be considered undervalued where the corporate debtor - (a) makes a gift to a person; or (b) enters into a transaction with a person which involves the transfer of one or m .....

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