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Undervalued transactions.

Section 164 - Act - ADMINISTRATION AND DISTRIBUTION OF THE ESTATE OF THE BANKRUPT - Insolvency and Bankruptcy - Section 164 - 164. (1) The bankruptcy trustee may apply to the Adjudicating Authority for an order under this section in respect of an und .....

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aused bankruptcy process to be triggered. (3) A transaction between a bankrupt and his associate entered into during the period of two years preceding the date of making of the application for bankruptcy shall be deemed to be an undervalued transacti .....

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of an undervalued transaction to be vested with the bankruptcy trustee as a part of the estate of the bankrupt; and (c) pass any other order it thinks fit for restoring the position to what it would have been if the bankrupt had not entered into the .....

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