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Application by creditor in cases of undervalued transactions.

Section 47 - Act - LIQUIDATION PROCESS - Insolvency and Bankruptcy Code, 2016 - Section 47 - 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 Adj .....

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e the Adjudicating Authority, after examination of the application made under sub-section (1), is satisfied that- (a) undervalued transactions had occurred; and (b) liquidator or the resolution professional, as the case may be, after having sufficien .....

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